An Internal Auditor Is Conducting a Review of the Procurement

question 450

Multiple Choice

An internal auditor is conducting a review of the procurement function and uncovers a potential conflict of interest between the chief operating officer and a significant supplier of IT software development services. Which of the following actions is most appropriate for the internal auditor to take?

• A) Inform the audit supervisor.
• B) Investigate the potential conflict of interest.
• C) Inform the external auditors of the potential conflict of interest.
• D) Disregard the potential conflict, because it is outside the scope of the audit assignment.

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Definitions:

Lactose Sensitivity

A condition where the body reacts negatively to lactose due to a deficiency in lactase, an enzyme needed to digest lactose.

Dietary Need

The specific nutritional requirements necessary for health maintenance or improvement.

Fiber-rich

Refers to foods that have a high content of dietary fiber, which is beneficial for digestive health, and can aid in maintaining a healthy weight and lowering the risk of various diseases.