During follow-up, the chief audit executive (CAE) is having a discussion with management about the internal audit team's recommendations related to a significant issue Management accepted the issue…

The correct answer is B. The CAE should escalate the issue to senior management. If management accepts the issue identified by the internal audit team but takes no remedial action, the next step for the chief audit executive (CAE) is to escalate the issue to senior management. This ensures that senior management is aware of the unresolved significant issue…

Communicating Engagement Results and Monitoring Progress

Question

During follow-up, the chief audit executive (CAE) is having a discussion with management about the internal audit team's recommendations related to a significant issue Management accepted the issue but took no remedial action What is the next step for the CAE?

Options

AThe CAE should reassess and validate the risk tolerance policy
BThe CAE should escalate the issue to senior management .
CThe CAE should reiterate the internal audit team's recommendations to management .
DThe CAE should grant management more time to implement the recommendation and check the

How the community answered

(30 responses)

A
10% (3)
B
83% (25)
C
3% (1)
D
3% (1)

Explanation

If management accepts the issue identified by the internal audit team but takes no remedial action, the next step for the chief audit executive (CAE) is to escalate the issue to senior management. This ensures that senior management is aware of the unresolved significant issue and can take appropriate action to address it. Escalation is a critical step in ensuring that risks are managed effectively and that necessary corrective actions are implemented.

Topics

#follow-up procedures#CAE escalation#management action plans#monitoring progress

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