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An engagement supervisor notes that an internal auditor usually documents and submits draft audit reports for review without giving the process owners the opportunity to state their position on the issues raised. How should the engagement supervisor respond?
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Which of the following statements is true regarding risk management frameworks?
A global manufacturing company has three regional offices. The chief audit executive (CAE) is concerned about the cost of an upcoming external quality assessment of the internal audit activity. The last external assessment was performed six years ago. Recently, the internal audit staff at one of the regional offices performed an internal assessment. To ensure conformance with the Standards, what is the most appropriate action for the CAE to take?
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How can an Internal audit activity contribute to Its organization's risk assessment process?

Question 537 - IIA-CIA-Part1 discussion

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During an audit of a foreign subsidiary an internal audit team discovered that products were sold to a prohibited country due to sanctions. What is the best course of action for the internal audit team?

A.
Include the facts m the engagement communications
Answers
A.
Include the facts m the engagement communications
B.
Inform me external auditors of the violation.
Answers
B.
Inform me external auditors of the violation.
C.
Report the violation to the government regulators
Answers
C.
Report the violation to the government regulators
D.
Consult with the legal department
Answers
D.
Consult with the legal department
Suggested answer: D
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asked 18/09/2024
JIMMY GIOVANNY VARGAS TERAN
35 questions
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