The chief audit executive (CAE) determined that based on management's oral response, the action taken regarding an audit observation was sufficient when weighted against the relative importance of the audit recommendation. Which of the following is the most appropriate step for the internal auditor to take next?
A) Initiate a follow-up audit to ensure that action has really been taken.
B) Follow-up with management until a written response is obtained.
C) Escalate the issue to the board and get their position on the issue.
D) Note in the permanent file that follow-up needs to be performed as part of the next engagement.
Correct Answer:
Verified
Q17: What does the following scatter gram suggest?
A)
Q18: Which of the following audit procedures is
Q19: Which of the following trends found on
Q20: During a routine audit of a customer
Q21: A governmental auditor was assigned to determine
Q23: In forming a team to investigate an
Q24: During the development of a purchasing system,
Q25: Which of the following would constitute a
Q26: Given the scarcity of internal audit resources,
Q27: An auditor is scheduled to audit payroll
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents