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IIA-CIA-PART2 · Question #194

IIA-CIA-PART2 Question #194: Real Exam Question with Answer & Explanation

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Question

An internal auditor at a bank informed the branch manager of a malfunctioning lock on one of the vaults. The risk associated with this issue was deemed significant by the chief audit executive (CAE), and immediate remediation was recommended However during a follow-up engagement the branch manager told the CAE that the risk was actually not significant, hence no action was taken. What is the most appropriate next step for the CAE?

Options

  • AInform senior management that the branch manager deeded to cancel the committed action plan
  • BDiscuss the issue with the board which has ultimate responsibility to resolve the risk
  • CHave another discussion with the branch manager attempt to change his view, and encourage him
  • DDocument the branch manager's decision to accept the risk otherwise, no other speak: course of

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