When preparing an audit report,an internal auditor must convince management to take action concerning the report's findings.When reporting on an audit finding,an auditor must include some key elements about that finding in the report.These key elements are
A) Condition, criteria, cause, effect, and recommendation.
B) Condition, criteria, cause, effect, and requirement.
C) Condition, source, cause, effect, and recommendation.
D) Location, criteria, cause, effect, and recommendation.

Question

Quizplus · Accepted Answer

The key elements for reporting on an audit finding are condition (what is happening), criteria (what should be happening), cause (why the condition exists), effect (impact of the condition), and recommendation (how to improve the situation). These elements are commonly referred to as the 5 C's of audit reporting. Option A correctly identifies all these elements. Option B is incorrect because "requirement" refers to a mandatory standard that must be followed, which may not always be relevant in an audit finding. Option C is incorrect because "source" is not a standard element of audit reporting, and option D is incorrect because "location" is not necessarily relevant in every audit finding.

When Preparing an Audit Report,an Internal Auditor Must Convince Management