In Response to an Audit Finding, Senior Management Informed the Auditor

Multiple Choice

In response to an audit finding, senior management informed the auditor that the issue would be investigated and resolved when time permitted. According to the International Professional Practices Framework, this action was not acceptable because:

A) The appropriate level of management was not involved in the review and resolution of the issue.
B) Responses should include sufficient information to evaluate the adequacy and timeliness of corrective action.
C) The board had not reviewed management's responses to the engagement observations and recommendations.
D) Other departments should have been contacted to determine if they shared responsibility for corrective action.