When Creating the Internal Audit Plan, the Chief Audit Executive

question 311

Multiple Choice

When creating the internal audit plan, the chief audit executive should prioritize engagements based primarily on which of the following?

• A) The last available risk assessment.
• B) Requests from senior management and the board.
• C) The longest interval since the last examination of each audit universe item.
• D) The auditable areas required by regulatory agencies.

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Definitions:

Ethanamide

A chemical compound known as the simplest amide derived from acetic acid, with the formula CH3CONH2.

1-Propanol

A three-carbon alcohol with the formula CH3CH2CH2OH, commonly used as a solvent in the pharmaceutical industry.

IR Spectroscopy

A technique in analytical chemistry that identifies molecular structures through the absorption patterns of infrared radiation, useful in the identification of functional groups.

IUPAC Name

The universally accepted system of naming chemical compounds as determined by the International Union of Pure and Applied Chemistry, ensuring consistency and clarity.