According to IIA Guidance, Which of the Following Is True

question 146

Multiple Choice

According to IIA guidance, which of the following is true regarding the exit conference for an internal audit engagement?

• A) A primary purpose of the exit conference is to provide for the timely communication of observations that call for immediate management action.
• B) Both the chief audit executive and the chief executive over the activity or function reviewed must attend the exit conference to validate the findings.
• C) The exit conference provides only anticipated results for inclusion in the final audit communication.
• D) During the exit conference, the performance of the internal auditors who executed the engagement is reviewed.

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Definitions:

Rightness

The quality of being morally correct, just, or honorable, often used to describe actions or decisions that conform to moral or ethical principles.

Backward-looking Reasons

Justifications for actions or decisions that are based on events, information, or values from the past.

Act Consequentialism

A moral theory that assesses the morality of actions based on their outcomes or consequences.

Act Consequentialism

An ethical theory that judges the moral worth of an action based solely on the outcomes or consequences of that action.