Due to Urgent Requests from Management, a Busy Internal Audit

question 356

Multiple Choice

Due to urgent requests from management, a busy internal audit activity finds that it can no longer meet all of its commitments contained in the annual audit plan. The best course of action for the chief audit executive to take would be to:

• A) Continue with the plan and seek opportunities to adjust priorities and reallocate resources.
• B) Advise senior management and request that they reconsider these additional requests using more rigorous risk assessment and prioritization factors.
• C) Advise the board and senior management and request a reassessment of the plan.
• D) Advise the board immediately and seek their support for additional resources to meet the needs of the plan.

Distinguish between functional and dysfunctional conflict and their impacts on team cohesion and performance.

Understand the personal and emotional dimensions of interpersonal conflicts.

Describe conflict management styles and strategies to effectively resolve conflicts.

Recognize the stages of conflict development and approaches to conflict resolution.

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Definitions:

Age Of Majority

The threshold of adulthood as recognized by law, typically 18 years old in many countries, marking the point at which a person is legally considered an adult.

Right To Contract

The legal ability of an individual or entity to enter into binding agreements.

Great Britain

The island comprising England, Scotland, and Wales, often used to refer to the United Kingdom which includes Northern Ireland.

Mental Illness

A broad range of medical conditions that affect a person's thinking, feeling, mood, and behavior.