Which of the Following Conditions Should a Chief Audit Executive

Multiple Choice

Which of the following conditions should a chief audit executive take into account when deciding if a follow-up audit engagement is necessary? • The reported observations were significant and high risk. • Internal audit resources and the time it will require for follow-up. • Management may not have the resources to take action. • Management has previously decided not to take any action.

A) 1, 2, and 3 only
B) 1, 2, and 4 only
C) 1, 3, and 4 only
D) 2, 3, and 4 only