According to IIA guidance, which of the following individuals should receive the final audit report on a compliance engagement for the organization's cash disbursements process?

Question

Options

• AThe accounts payable supervisor, accounts payable manager, and controller.
• BThe accounts payable manager, purchasing manager, and receiving manager.
• CThe accounts payable supervisor, controller, and treasurer.
• DThe accounts payable manager, chief financial officer, and audit committee.

• A
  3% (1)
• B
  14% (5)
• C
  6% (2)
• D
  77% (27)

Explanation

For compliance engagements, particularly those related to critical processes such as cash disbursements, it is important to distribute the final audit report to individuals with oversight and decision-making responsibilities. The accounts payable manager oversees the process, the chief financial officer (CFO) has overall financial oversight, and the audit committee provides governance and oversight of the audit function. This ensures that the report is reviewed by those with the authority to implement changes and address any issues identified.

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