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Question 739 - IIA-CIA-Part1 discussion

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For a high-risk observation, which is the best approach to follow when management takes an aggressive, uncompromising position in opposition to the internal audit activity?

A.

The parties should work together to develop a mutually beneficial solution.

Answers
A.

The parties should work together to develop a mutually beneficial solution.

B.

The internal audit activity should share the observation with other business units to get their opinions.

Answers
B.

The internal audit activity should share the observation with other business units to get their opinions.

C.

The internal audit activity should discuss with senior management, and if still not resolved, discuss with the board.

Answers
C.

The internal audit activity should discuss with senior management, and if still not resolved, discuss with the board.

D.

The internal audit activity should accommodate management's position, since the relationship is more important than the fight.

Answers
D.

The internal audit activity should accommodate management's position, since the relationship is more important than the fight.

Suggested answer: C

Explanation:

Escalating unresolved high-risk issues to senior management and the board is in line with IIA guidance, which underscores the importance of ensuring that significant audit findings are addressed appropriately to protect the organization's interests.

asked 03/11/2024
Grant Taylor
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