Multiple Choice
The chief audit executive (CAE) notes during review of the final report of an assurance engagement that management has decided to accept the risks of two significant exposures identified by the audit. Which of the following actions by the CAE would be least prudent in these circumstances?
A) Implement follow-up procedures to monitor the potential impact of those risks.
B) Review the working papers and conclusions as to the perceived residual risk.
C) Meet with senior management to consider their reasoning for the decision.
D) Meet with the auditor-in-charge to review the conclusions.
Correct Answer:
Verified
Correct Answer:
Verified
Q250: During an audit of a branch bank,
Q251: An internal auditor is reviewing purchases made
Q252: Which of the following statements is correct
Q253: When determining the nature, timing, and extent
Q254: In response to an accounts receivable confirmation,
Q256: According to IIA guidance, which of the
Q257: Which of the following is the most
Q258: According to the International Professional Practices Framework,
Q259: What is the primary reason for having
Q260: According to IIA guidance, which of the