An internal auditor in a newly established internal audit activity identifies many control weaknesses and raises a number of high-priority recommendations in her first few audit engagements. The internal auditor is concerned that there seems to be a poor understanding by management of risk and control. Which of the following is the most likely reason for this?

Question

Mohamed Ramez Hamad · Accepted Answer

A lack of an effective organizational framework for risk management and control.

Mohamed Ramez Hamad · Answer

Poor performance by individual operational managers in the areas audited.

Mohamed Ramez Hamad · Answer

Unrealistic expectations by the internal audit activity on the quality of risk management and control.

Mohamed Ramez Hamad · Answer

A failure by the internal audit activity to identify and manage the organization's risks.

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