According to IIA Guidance, Which of the Following Statements Is

question 69

Multiple Choice

According to IIA guidance, which of the following statements is true regarding the authority of the chief audit executive (CAE) to release previous audit reports to outside parties?

• A) The CAE can release prior internal audit reports with the approval of the board and senior management.
• B) The CAE can employ judgment and release prior audit results as they deem appropriate and necessary.
• C) The CAE can only release prior information outside the organization when mandated by legal or statutory requirements.
• D) The CAE can release prior information provided it is as originally published and distributed within the organization.

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Definitions:

Processing Orders

The activities involved in receiving, handling, and fulfilling customer orders, which may include stages like order entry, picking, packing, shipping, and handling returns.

Time-Driven

A methodology that calculates costs based on the time required to produce goods or services.

Activity-Based Costing

A method of accounting in which costs are assigned to products or services based on the activities required for their production or delivery.

Processing Orders

The operations involved in fulfilling customer orders, from receipt through delivery.