The Chief Audit Executive (CAE) Determined That Based on Management's

question 303

Multiple Choice

The chief audit executive (CAE) determined that based on management's oral response, the action taken regarding an audit observation was sufficient when weighted against the relative importance of the audit recommendation. Which of the following is the most appropriate step for the internal auditor to take next?

• A) Initiate a follow-up audit to ensure that action has really been taken.
• B) Follow-up with management until a written response is obtained.
• C) Escalate the issue to the board and get their position on the issue.
• D) Note in the permanent file that follow-up needs to be performed as part of the next engagement.

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Definitions:

Coping Abilities

The varied strategies and mechanisms individuals use to manage stress, adapt to challenging situations, and overcome obstacles in daily life.

Acute Stressor

A specific event or situation that triggers a short-term stress response, typically sudden and intense in nature.

Chronic Stressor

A persistent stress source that continues over an extended period of time, potentially causing long-term health issues.

Panic Attack

A sudden episode of intense fear or anxiety that triggers severe physical reactions, often without a clear cause.