A Draft Internal Audit Report That Cites Deficient Conditions Generally

question 42

Multiple Choice

A draft internal audit report that cites deficient conditions generally should be reviewed with which of the following groups? 1. The client manager and her superior. 2. Anyone who may object to the report's validity. 3. Anyone required to take action. 4. The same individuals who receive the final report.

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

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Definitions:

Supply Chain

The interconnected network of entities involved in the production, handling, and distribution of goods and services from raw materials to end consumers.

Logistics Manager

A professional responsible for overseeing the supply chain operations, ensuring efficient delivery of goods.

Retail Buyer

A professional responsible for selecting and purchasing goods for resale in retail outlets.

Ownership/Organization

Pertains to the legal right to possess something and the structure or arrangement of management and operations within an entity.