During the Quarterly Review of the Internal Audit Activity's Performance

question 132

Multiple Choice

During the quarterly review of the internal audit activity's performance, the chief audit executive (CAE) notes that actual engagement hours consistently exceed the budget. Which of the following strategies would most likely help the CAE address this problem? • The budget should consider time spent on similar engagements. • The budget should consider the proficiency of the assigned auditors. • The budget estimate should provide for unexpected delays. • The budget should be specific as to time for each work assignment.

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

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Definitions:

Messages of Appreciation

Communications that express gratitude or recognition towards individuals or groups for their contributions or achievements.

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Offerings or inputs provided by individuals or groups towards a common goal or project.

Employees

Individuals who are hired by a company or organization to perform specific duties in exchange for compensation.

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Brief personal messages written to comfort someone after the death of a loved one.