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Question 20 - IIA-CIA-Part2 discussion

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An internal auditor and engagement client are deadlocked over the auditor's differing opinion with management on the adequacy of access controls for a major system. Which of the following strategies would be the most helpful in resolving this dispute?

A.
Conduct a joint brainstorming session with management.
Answers
A.
Conduct a joint brainstorming session with management.
B.
Ask the chief audit executive to mediate.
Answers
B.
Ask the chief audit executive to mediate.
C.
Disclose the client's differing opinion in the final report.
Answers
C.
Disclose the client's differing opinion in the final report.
D.
Escalate the issue to senior management for a decision.
Answers
D.
Escalate the issue to senior management for a decision.
Suggested answer: D

Explanation:

When there is a deadlock between the internal auditor and management over a significant issue such as access controls, escalating the issue to senior management is the most effective strategy. This approach ensures that the disagreement is addressed at a higher organizational level, where a decision can be made that aligns with the organization's risk tolerance and priorities.

Reference: = IIA Standard 2600 - Resolution of Senior Management's Acceptance of Risks.

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asked 18/09/2024
Ryan Harris
42 questions
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