When taken by a chief audit executive, which of the following actions would be most likely to prevent division management from exaggerating sales reports?

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David Brun · Accepted Answer

Announcing a series of internal audit engagements focusing on compliance with corporate salesreporting policies.

David Brun · Answer

Asking the president and the board to issue a statement of corporate policy stressing the importance of accurate management reporting and the negative consequences of intentional misreporting.

David Brun · Answer

Setting up a hotline for employees to report fraudulent behavior anonymously, 4. Assisting the controller in developing and monitoring a series of business process indicators, which are historically correlated with, but independent of sales.

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1 and 2 only.

David Brun · Answer

2 and 3 only.

David Brun · Answer

2 and 4 only.

David Brun · Answer

3 and 4 only

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