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Question 8 - IIA-CIA-Part1 discussion

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While auditing an organization's credit approval process, an internal auditor learns that the organization has made a large loan to another auditor's relative. Which course of action should the auditor take?

A.
Proceed with the audit engagement, but do not include the relative's information.
Answers
A.
Proceed with the audit engagement, but do not include the relative's information.
B.
Have the chief audit executive and management determine whether the auditor should continue with the audit engagement.
Answers
B.
Have the chief audit executive and management determine whether the auditor should continue with the audit engagement.
C.
Disclose in the engagement final communication that the relative is a customer.
Answers
C.
Disclose in the engagement final communication that the relative is a customer.
D.
Immediately withdraw from the audit engagement.
Answers
D.
Immediately withdraw from the audit engagement.
Suggested answer: B
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asked 18/09/2024
Arnold Bronson TCHOFFO
44 questions
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