Which of the Following Conditions Should a Chief Audit Executive

question 361

Multiple Choice

Which of the following conditions should a chief audit executive take into account when deciding if a follow-up audit engagement is necessary? • The reported observations were significant and high risk. • Internal audit resources and the time it will require for follow-up. • Management may not have the resources to take action. • Management has previously decided not to take any action.

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

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Definitions:

Sodium

A chemical element, essential for life, that plays critical roles in the body, particularly in nerve transmission and fluid balance.

Gouty Arthritis

A form of arthritis characterized by sudden, severe attacks of pain, swelling, and redness in the joints, often at the base of the big toe, caused by elevated levels of uric acid.

Uric Acid

A waste product found in blood, arising from the breakdown of cells and foods rich in purines, affecting gout if levels are high.

Mg/dL

Milligrams per deciliter, a unit of measurement commonly used in medicine to express the concentration of substances in the blood.