During a review of performance measures in an organization's purchasing function, the preliminary survey indicates that most of the measures have been in use for some time. The internal auditor should:
A.
Review the data that was used to develop the measures.
B.
Perform benchmarking in order to verify that the measures being used are meaningful.
C.
Establish the history of the measures and reasons for use.
D.
Report that the measures being used are out-of-date and should be improved.
I think that answer A is the most reliable answer, as it's not reasonable to perform a benchmark analysis, which considered an advisory service, to validate that the current performance measures are reliable.
What would be the auditor's objective if they are to "review the data that was used to develop the measures", the measures being in place for long does not necessarily mean that they are outdated or not applicable, therefore the auditor has to first verify whether these are meaningful
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MohamedAbdelaal
6 months, 2 weeks agoProssyn
1 month, 3 weeks ago