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How should an internal auditor approach preparing a detailed risk assessment during engagement planning?
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The external auditor has identified a number of production process control deficiencies involving several departments. As a result, senior management has asked the internal audit activity to complete internal control training for all related staff. According to IIA guidance, which of the following would be the most appropriate course of action for the chief audit executive to follow?
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Senior management wants assurance that third-party contractors are following procedures as agreed with the organization. Which type of audit would be most appropriate to achieve this objective?

Question 368 - IIA-CIA-Part2 discussion

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After completing an assurance engagement, the chief audit executive (CAE) concludes that management has accepted a level of risk that may be unacceptable to the organization. What is the most appropriate first step for the CAE to take?

A.
Discuss the issue with senior management.
Answers
A.
Discuss the issue with senior management.
B.
Discuss the issue only with the CEO.
Answers
B.
Discuss the issue only with the CEO.
C.
Inform the board.
Answers
C.
Inform the board.
D.
Discuss the issue with the members of management responsible for the risk area.
Answers
D.
Discuss the issue with the members of management responsible for the risk area.
Suggested answer: A
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asked 18/09/2024
Elefánti Gábor
33 questions
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