Auditors realize that at times corrective action is not taken even when agreed to by the appropriate parties. This should lead an internal auditor to : A: Decide the extent of necessary followup work. B: Allow management to decide when to follow-up, since it is management's ultimate responsibility. C: Decide to conduct follow-up work only if management requests the auditor's assistance. D: Write a follow-up audit report with all findings and their significance to the operations.

Question

Business

Diana Terry

5 September, 00:06

Auditors realize that at times corrective action is not taken even when agreed to by the appropriate parties. This should lead an internal auditor to : A: Decide the extent of necessary followup work. B: Allow management to decide when to follow-up, since it is management's ultimate responsibility. C: Decide to conduct follow-up work only if management requests the auditor's assistance. D: Write a follow-up audit report with all findings and their significance to the operations.

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Emilia Wood · Answer 1

Answer: The correct answer is

A: Decide the extent of necessary followup work.

Explanation: It is the responsibility of the Chief Audit Executive to decide the follow up process to be done.

The nature, timing and extent of follow up is communicated by the Chief Audit Executive and he also has the responsibility to find out from management why actions have not been taken.