Which of the Following Situations Justifies the Release of an Interim

question 350

Multiple Choice

Which of the following situations justifies the release of an interim report to management and the board? • The internal auditor is convinced that the audit observations require immediate attention. • The internal auditor would like to communicate a change in engagement scope for the activity under review. • The internal auditor notes that the engagement may extend over a longer time period. • The audit supervisor believes that issuing interim reports eases supervisory review and controls over working papers.

• A) 1 and 3 only
• B) 2 and 3 only
• C) 1, 2, and 3 only
• D) 2, 3, and 4 only

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Definitions:

Sensory

Pertaining to the senses or sensation, involving the processing of sensory information by the nervous system.

Short-Term

Referring to a limited, brief period of time, often contrasted with long-term.

Memory Process

The series of steps that the brain undertakes to encode, store, and retrieve information.

Encoding

The initial process of converting information into a form that can be processed and stored in memory.