Which of the Following Statements Is True

question 125

Multiple Choice

Which of the following statements is true?

• A) If management chooses not to take action on internal audit's assurance engagement observation, the chief audit executive (CAE) has a responsibility to propose an action plan to the board.
• B) Internal audit's responsibility for an assurance engagement observation ends when management implements changes to remediate the observation.
• C) When management decides to accept the risk of not taking action on an assurance observation, the (CAE) is responsible for judging whether or not that decision is prudent.
• D) An assurance engagement observation is considered remediated when management's corrective action plan is approved by the board.

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