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Question 83 - IIA-CIA-Part2 discussion

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Which of the following situations would justify the removal of a finding from the final audit report?

A.
Management disagrees with the report findings and conclusions in their responses.
Answers
A.
Management disagrees with the report findings and conclusions in their responses.
B.
Management has already satisfactorily completed the recommended corrective action.
Answers
B.
Management has already satisfactorily completed the recommended corrective action.
C.
Management has provided additional information that contradicts the findings.
Answers
C.
Management has provided additional information that contradicts the findings.
D.
Management believes that the finding is insignificant and unfairly included in the report.
Answers
D.
Management believes that the finding is insignificant and unfairly included in the report.
Suggested answer: C

Explanation:

A finding can be removed from the final audit report if management provides additional information that accurately contradicts the initial findings. This indicates that the initial findings may have been based on incomplete or incorrect information. Disagreements (Option A) or beliefs about the insignificance (Option D) of the finding do not justify removal unless they are supported by new, contradicting evidence. Even if corrective actions are already taken (Option B), the original finding may still be relevant for documentation and historical context.

Reference:

IIA Standard 2410: Criteria for Communicating.

IIA Practice Guide on Communicating Results.

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asked 18/09/2024
MC Chrys Darcy MASSALA MPIKA
34 questions
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