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Question 116/186
During follow-up. the internal auditor discovered that operational management did not implement effective actions to address a significant control breach If the issue is left unresolved it may result in regulatory sanctions and damage the organization's reputation What is the most appropriate next step for the chief audit executive to lake?
Correct Answer: C
If operational management has not implemented effective actions to address a significant control breach, the most appropriate next step for the chief audit executive is to discuss the matter with senior management. This step involves escalating the issue to a higher level of authority to ensure that the risks associated with the control breach are properly understood and addressed. If senior management fails to take appropriate action, the CAE may then escalate the issue to the board.References:
* IIA Standard 2500: Monitoring Progress
* IIA Practice Guide: Auditing Organizational Governance
* IIA Standard 2500: Monitoring Progress
* IIA Practice Guide: Auditing Organizational Governance
- Question List (186q)
- Question 1: An internal auditor is conducting a preliminary survey of th...
- Question 2: Which of the following would not be a typical activity for t...
- Question 3: After the team member who specialized in fraud investigation...
- Question 4: Which of the following recommendation types is most likely t...
- Question 5: The chief audit executive was asked to define me internal au...
- Question 6: According to IIA guidance, which of the following is true wh...
- Question 7: Which of the following conditions are necessary for successf...
- Question 8: Which of the following should management action plans includ...
- Question 9: Management testimony of improper segregation of duties in th...
- Question 10: An internal auditor was reviewing the procurement department...
- Question 11: According to IIA guidance, which of the following reflects a...
- Question 12: Which of the following is the primary purpose of implementin...
- Question 13: When establishing a quality assurance and improvement progra...
- Question 14: Which of the following best illustrates the primary focus of...
- Question 15: Which type of engagement would be the most appropriate to as...
- Question 16: An organization has a health and safety division that conduc...
- Question 17: A corporate merger decision prompts the chief audit executiv...
- Question 18: Which of the following statements is true regarding the audi...
- Question 19: Which of the following is an appropriate responsibility for ...
- Question 20: The chief audit executive of an international organization i...
- Question 21: The chief audit executive (CAF) determined that the residual...
- Question 22: Which of the following best describes external benchmarking ...
- Question 23: Which of the following statements describes an engagement pl...
- Question 24: The audit manager asked the internal auditor to perform addi...
- Question 25: An organization's finance manager plans to implement a state...
- Question 26: Which of the following situations is most critical for the c...
- Question 27: The internal audit manager has been delegated the task of pr...
- Question 28: It is close to the fiscal year end for a government agency, ...
- Question 29: What is the primary objective of an engagement supervisor's ...
- Question 30: A chief audit executive (CAE) a developing a work program fo...
- Question 31: Which of the following is a justifiable reason for omitting ...
- Question 32: Acceding to IIA guidance, when of the Mowing is an assurance...
- Question 33: Which of the following components should be included in an a...
- Question 34: When developing the scope of an audit engagement, which of t...
- Question 35: An internal auditor examined a nostatistical sample of open ...
- Question 36: Which of the following actives is an internal auditor most l...
- Question 37: Which of the following constitutes supervisory activity unde...
- Question 38: Which of the following statements generally true regarding a...
- Question 39: When addressing the excessive overtime being paid lo employe...
- Question 40: While conducting a review of the logistics department the in...
- Question 41: According to the IIA guidance, which of the following foes t...
- Question 42: Which of the following best exemplifies having effective ris...
- Question 43: During follow-up, the chief audit executive (CAE) is having ...
- Question 44: According to IIA guidance, which of the following is true re...
- Question 45: After finalizing an assurance engagement concerning safety o...
- Question 46: If observed during fieldwork by an internal auditor, which o...
- Question 47: According to the Standards, which of the following is true r...
- Question 48: A chief audit executive (CAE) reviews the supervision of an ...
- Question 49: An internal auditor develops an engagement observation relat...
- Question 50: Which of the following is a disadvantage of using flowcharts...
- Question 51: An internal auditor observes a double payment transaction on...
- Question 52: An internal auditor submitted a report containing recommenda...
- Question 53: An organization has a mature control environment but limited...
- Question 54: An employee in the sales department completes a purchase req...
- Question 55: In which of the following populations would the internal aud...
- Question 56: The following is a list of major findings in the executive s...
- Question 57: The chief audit executive of a medium-sized financial instit...
- Question 58: Which of the following would most likely prompt special noti...
- Question 59: Which of the following has the greatest effect on the effici...
- Question 60: During a fraud interview, it was discovered that unquestione...
- Question 61: Which of the following statements regarding the risk managem...
- Question 62: Which of the following factors should a chief audit executiv...
- Question 63: Which of the following is one of the five attributes that in...
- Question 64: The internal audit activity has adopted the balanced scoreca...
- Question 65: Which of the following is not a direct benefit of control se...
- Question 66: An internal audit manager is planning a contract compliance ...
- Question 67: The board of directors expressed concerns about potential ex...
- Question 68: Which of The following best justifies an internal auditor's ...
- Question 69: During an assurance engagement, an internal auditor discover...
- Question 70: A toy manufacturer receives certain components from an overs...
- Question 71: A chief audit executive's report to the board showed a signi...
- Question 72: Which of the following risk assessment approaches involves g...
- Question 73: An internal auditor is examining the organization's internal...
- Question 74: Which of the following is a significant governance issue tha...
- Question 75: Which of the following statements is true regarding the use ...
- Question 76: Which of the following is a primary reason for an internal a...
- Question 77: An internal auditor is analyzing sates records and is concer...
- Question 78: An internal audit team was conducting an assurance engagemen...
- Question 79: Which of the following computerized audit tools or technique...
- Question 80: A manufacturer is under contract to produce and deliver a nu...
- Question 81: A newly appointed chief audit executive (CAE) of a small org...
- Question 82: New environmental regulations require the board to certify t...
- Question 83: An internal auditor is assessing the organization's risk man...
- Question 84: An internal auditor using the five-attribute approach to doc...
- Question 85: The engagement supervisor would like lo change the audit pro...
- Question 86: According to IIA guidance, which of the following strategies...
- Question 87: Which of the following is the most important concept to be i...
- Question 88: Which of the following best describes the four components of...
- Question 89: The final engagement communication contains the following ob...
- Question 90: An internal auditor reviewed bank reconciliations prepared b...
- Question 91: Which of the following is the primary purpose of financial s...
- Question 92: Which of the following is an appropriate role for the intern...
- Question 93: As part of internal audit's assistance with an annual extern...
- Question 94: An internal auditor is conducting an initial risk assessment...
- Question 95: Which of the following actions best describes an internal au...
- Question 96: An internal control questionnaire would be most appropriate ...
- Question 97: Which of the following parties is accountable for ensuring a...
- Question 98: After concluding a preliminary assessment, the engagement su...
- Question 99: An internal auditor wants to assess the completeness of sale...
- Question 100: A chief audit executive is preparing interview questions for...
- Question 101: Senior management wants assurance that third-party contracto...
- Question 102: An audit observation noted that annual inventory counts of b...
- Question 103: An internal auditor receives a document displaying all the s...
- Question 104: Which of the following statements accurately describes the S...
- Question 105: An internal auditor s testing tor proper authorization of co...
- Question 106: When a significant finding is noted early during a review of...
- Question 107: A draft internal audit report that cites deficient condition...
- Question 108: After completing an assurance engagement, the chief audit ex...
- Question 109: According to IIA guidance which of the following best descri...
- Question 110: During the filework phase of an assurance engagement the int...
- Question 111: Management has taken immediate action to address an observat...
- Question 112: An internal auditor wanted to determine whether company vehi...
- Question 113: An internal auditor notes that employees continue to violate...
- Question 114: Which of the following attribute sampling methods would be m...
- Question 115: Which of the following behaviors could represent a significa...
- Question 116: During follow-up. the internal auditor discovered that opera...
- Question 117: The internal audit activity (IAA) wants to measure its perfo...
- Question 118: When estimating the impact of an inherent risk, which of the...
- Question 119: Acceding to MA guidance, when of the Mowing strategies would...
- Question 120: According to an internal audit observation, the organization...
- Question 121: An organization recently acquired a subsidiary in a new indu...
- Question 122: According to IIA guidance, which of the following factors sh...
- Question 123: Which method of examining entity-level controls involves gat...
- Question 124: Which of the following items, included in the preliminary au...
- Question 125: Which of the following should be the focus of the effect sec...
- Question 126: What is the best course of action for a chief audit executiv...
- Question 127: The chief audit executive (CAE) of a small internal audit ac...
- Question 128: An internal auditor collected several employee testimonials ...
- Question 129: An engagement team is being assembled to audit of one of the...
- Question 130: In order to obtain background information on an assigned aud...
- Question 131: According to IIA guidance, which of the following would not ...
- Question 132: An engagement supervisor reviewed a staff internal auditor's...
- Question 133: An organization's internal audit plan includes a recurring a...
- Question 134: White planning an audit engagement of a procurement card act...
- Question 135: According to IIA guidance,which of the following is true abo...
- Question 136: During a review of the treasury function an internal auditor...
- Question 137: A chief audit executive (CAE) is trying to balance the inter...
- Question 138: An internal auditor suspects that employee turnover is unusu...
- Question 139: According to IIA guidance, which of the following statements...
- Question 140: An internal auditor for a regional bank suspects that the he...
- Question 141: How should an internal auditor approach preparing a detailed...
- Question 142: Which of the following statements is true regarding internal...
- Question 143: Which of the following is the primary reason the chief audit...
- Question 144: An internal auditor uses a data query tool in the purchasing...
- Question 145: Which of the following actions are appropriate for the chief...
- Question 146: An internal auditor accessed accounts payable records and ex...
- Question 147: An internal auditor conducted interviews with several employ...
- Question 148: The internal auditor and her supervisor are in dispute about...
- Question 149: Which of the following manual audit approaches describes tes...
- Question 150: Which of the following statements about internal audit's fol...
- Question 151: How do internal auditors generally determine the priority of...
- Question 152: Which of the following is an effective approach for internal...
- Question 153: Due to a recent system upgrade, an audit is planned to test ...
- Question 154: Which informal ion- gathering method would be most efficient...
- Question 155: The head of customer service asked the chief audit executive...
- Question 156: Upon the completion of an audit engagement an audit manager ...
- Question 157: According to the Standards, which of the following is leasti...
- Question 158: The chief audit executive (CAE) determined that the internal...
- Question 159: The external auditor has identified a number of production p...
- Question 160: An organization owns vehicles that are kept off-site by empl...
- Question 161: According to MA guidance, which of the following factors sho...
- Question 162: An internal auditor is planning an engagement at a financial...
- Question 163: Which of the following internal control attributes should in...
- Question 164: A healthcare organization's chief audit executive (CAE) note...
- Question 165: An internal auditor is preparing for an auditor of newly imp...
- Question 166: A newly promoted chief audit executive (CAE) is faced with a...
- Question 167: Which of the following should be included in a privacy audit...
- Question 168: An internal auditor is planning a consuming engagement and t...
- Question 169: Which of the following describes the primary objective of an...
- Question 170: An organization buys crude oil on the open market and refine...
- Question 171: An internal auditor is planning to audit the organization's ...
- Question 172: A code of business conduct should include which of the follo...
- Question 173: An internal auditor at a bank informed the branch manager of...
- Question 174: In which of the following situations has an internal audit o...
- Question 175: According to IIA guidance, which of the following activities...
- Question 176: An internal auditor is conducting a financial audit. Which o...
- Question 177: An internal auditor completed a review of expenses related t...
- Question 178: A corporate merger decision prompts the cruel audit executiv...
- Question 179: The internal audit activity has become aware of public compl...
- Question 180: An audit identified a number of weaknesses in the configurat...
- Question 181: In a health care organization the internal audit activity pr...
- Question 182: According to IIA guidance which of the following represents ...
- Question 183: Which of the following best describes the manual audit proce...
- Question 184: According to IIA guidance, which of re following actions sho...
- Question 185: During an audit of the human resources department, an intern...
- Question 186: Which of the following would be most likely found in an inte...
