In a Well-Developed Management Environment, the Internal Audit Activity Would

question 172

Multiple Choice

In a well-developed management environment, the internal audit activity would.

• A) Report the results of audit engagements to line management as well as to senior management.
• B) Conduct regularly scheduled audits of existing systems and initial audits of new computer systems after they have begun operating.
• C) Interface primarily with senior management, minimizing interactions with line managers who are the subjects of internal audit work.
• D) Focus on the maintenance of accounting controls (such as segregation of the duties of authorization, recording, and custody) and report results to the audit committee.

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Definitions:

Quotas

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My Lai Massacre

Massacre of 347 Vietnamese civilians in the village of My Lai by Lieutenant William Calley and troops under his command. U.S. army officers covered up the massacre for a year until an investigation uncovered the events. Eventually twenty-five army officers were charged with complicity in the massacre and its cover-up, but only Calley was convicted. He served little time for his crimes.

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