Given the Scarcity of Internal Audit Resources, a Chief Audit

question 312

Multiple Choice

Given the scarcity of internal audit resources, a chief audit executive (CAE) decides not to schedule a follow-up of audit recommendations when developing engagement work schedules. Why does the CAE's decision violate the Standards?

• A) It is not the CAE's responsibility to establish a process for a follow-up.
• B) Lack of resources is not a sufficient reason to forgo a follow-up.
• C) Follow-up actions should take priority over new engagements in scheduling.
• D) When resources are scarce, the follow-up can be incorporated into the next engagement.

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Definitions:

N-acetyl Glucosamine

An amino sugar and a precursor in the biochemical synthesis of glycosylated proteins and lipids, involved in the formation of the exoskeletons of crustaceans and insects.

Amino Acids

Biological molecules that form the foundation of proteins, acting as the basic units essential for life.

Binary Fission

A form of asexual reproduction where a parent organism divides into two approximately equal parts, each becoming a new organism.

Reproduction

The biological process by which new individual organisms are produced, either sexually or asexually, ensuring the continuation of a species.