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Question 446 - IIA-CIA-Part2 discussion

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Following an audit, management developed an action plan to improve controls over the handling of scrap metal. Which of the following would be the most appropriate course of action for the auditor to follow up?

A.
Conduct another audit engagement to ensure all risks related to the sales of scrap metal have been mitigated.
Answers
A.
Conduct another audit engagement to ensure all risks related to the sales of scrap metal have been mitigated.
B.
Ensure new procedures have been documented, approved, and distributed to the employees responsible.
Answers
B.
Ensure new procedures have been documented, approved, and distributed to the employees responsible.
C.
Perform retesting to confirm that new procedures address the previously identified deficient control activities.
Answers
C.
Perform retesting to confirm that new procedures address the previously identified deficient control activities.
D.
Analyze the new procedures, then report to senior management whether the associated risks have been managed.
Answers
D.
Analyze the new procedures, then report to senior management whether the associated risks have been managed.
Suggested answer: C
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asked 18/09/2024
Sergey Ushakov
33 questions
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