Which of the following is essential for ensuring that the internal audit activity's findings and recommendations receive adequate consideration?

Question

Subha Mishra · Accepted Answer

Providing formal follow-up procedures to ensure that management complies with an action plan or accepted risk of not taking action.

Subha Mishra · Answer

Reporting results of audits with recommendations to management.

Subha Mishra · Answer

Reporting quarterly to management that the audit plan is focused on higher exposures of risk.

Subha Mishra · Answer

Discussing audit findings with independent auditors.

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