The chief audit executive (CAE) notes that management has adopted the option of not taking action on an audit issue involving a sizeable risk which has been accepted in the past. Which would be an appropriate action by the CAE?
A) Close the issue by noting that follow-up will be completed as part of the next engagement.
B) Discuss the matter with management to determine a resolution.
C) Accept management's decision as the same risk has been accepted in the past.
D) Report the situation to the board for immediate resolution.
Correct Answer:
Verified
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