In Which of the Following Cases Is It Appropriate for an Audit

question 174

Multiple Choice

In which of the following cases is it appropriate for an audit report to not contain management's response either within the report or as an attachment?

• A) Management's response to an audit report is generally not a requirement.
• B) Internal controls were found to be properly designed and operating effectively although operations are deemed inefficient.
• C) There was insufficient time to obtain management's response during the draft reporting process.
• D) An internal audit report contains no observations.

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Definitions:

Tempera-And-Oil

This term refers to a painting technique that combines the use of tempera (a fast-drying paint made from pigment and a water-soluble binder) with oil paint, offering artists versatility in textures and effects.

Francis I

King of France in the early 16th century, noted for his patronage of the arts and involvement in the Italian Wars, which influenced the French Renaissance.

Catholicism

The Christian denomination led by the Pope in Rome, characterized by its liturgical traditions, sacramental practices, and teachings laid out in the Catechism of the Catholic Church.

Philip II

King of Spain (1556-1598), under whose reign Spain reached the height of its influence and power, also ruling over the Netherlands and the Spanish colonies in the Americas.