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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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Question 549 - IIA-CIA-Part1 discussion

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Due to toe increased operational responsibility of the CEO. The chief audit executive (CAE) of an organization currently reports to the chief financial officer (CFO). What is the likely imped of such a situation?

A.
There may be limitation m the scope of engagements that can be undertaken
Answers
A.
There may be limitation m the scope of engagements that can be undertaken
B.
The CPO could provide expert advice when auditing areas under his purview
Answers
B.
The CPO could provide expert advice when auditing areas under his purview
C.
The internal audit activity is adequately positioned when the CAE reports to a member of executive management
Answers
C.
The internal audit activity is adequately positioned when the CAE reports to a member of executive management
D.
The expense of finance staff can be catted upon during an audit of finance-related areas
Answers
D.
The expense of finance staff can be catted upon during an audit of finance-related areas
Suggested answer: A
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asked 18/09/2024
Jim McKay
34 questions
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