Which of the following conditions should a chief audit executive take into account when deciding if a follow-up audit engagement is necessary? • The reported observations were significant and high risk. • Internal audit resources and the time it will require for follow-up. • Management may not have the resources to take action. • Management has previously decided not to take any action.
A) 1, 2, and 3 only
B) 1, 2, and 4 only
C) 1, 3, and 4 only
D) 2, 3, and 4 only
Correct Answer:
Verified
Q373: Which of the following is a justifiable
Q374: Which of the following would not include
Q375: The chief audit executive established an internal
Q376: According to the Standards, which of the
Q377: A manufacturer is under contract to produce
Q379: A report prepared by the internal audit
Q380: A payroll clerk enters payroll transactions into
Q381: An internal control questionnaire would be most
Q382: The newly appointed chief audit executive (CAE)
Q383: An internal auditor is assessing the organization's
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