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Question 15 - IIA-CIA-Part2 discussion

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According to IIA guidance, which of the following are appropriate actions for the chief audit executive regarding management's response to audit recommendations?

A.
Evaluate and verify management's response, and determine the need and scope for additional work.
Answers
A.
Evaluate and verify management's response, and determine the need and scope for additional work.
B.
Evaluate and verify management's response, and establish timelines for corrective action by management.
Answers
B.
Evaluate and verify management's response, and establish timelines for corrective action by management.
C.
Oversee the corrective actions undertaken by management, and determine the need and scope for additional work.
Answers
C.
Oversee the corrective actions undertaken by management, and determine the need and scope for additional work.
D.
Oversee the corrective actions undertaken by management, and establish timelines for corrective action by management.
Answers
D.
Oversee the corrective actions undertaken by management, and establish timelines for corrective action by management.
Suggested answer: A

Explanation:

According to IIA guidance, the chief audit executive (CAE) is responsible for evaluating and verifying management's response to audit recommendations. The CAE must also determine the need and scope for additional work based on the adequacy and timeliness of management's corrective actions. This ensures that the audit recommendations are effectively implemented and that any residual risks are appropriately managed.

Reference: IIA Standard 2500 -- Monitoring Progress, IIA Practice Advisory 2500.A1-1

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asked 18/09/2024
Phillip Doman
34 questions
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