Option C involves the identification of asset misappropriation, a form of fraud, due to ineffective controls. Such findings are significant and require immediate attention from senior management to address the underlying control weaknesses and prevent further fraudulent activities. According to the Institute of Internal Auditors (IIA), the chief audit executive (CAE) must report significant risk and control issues, including fraud risks, to senior management and the board.
Inaccuracy of the previous year financial statement could have a significant impact. i think answer should be B
upvoted 2 times
...
Log in to ExamTopics
Sign in:
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
Elvoo
2 months agoemtofid
4 months ago