An internal auditor discovered a control weakness that needs to be communicated to management. Which of the following is the best method for first communicating the weakness?
A.
Draft report, to be reviewed by management just prior to final report issuance.
B.
Preliminary observation document, discussed during the engagement.
C.
Final report, after review by audit management.
D.
Verbal communication during the engagement, followed by the final report issuance.
A. Draft report:Delays action on the weakness, which could be addressed sooner.
B. Preliminary observation document:While helpful, this is not as immediate as verbal communication.
C. Final report:Waiting until the final report would unnecessarily delay corrective action.
D. Verbal communication during the engagement, followed by the final report issuance:Correct. Verbal communication allows immediate management action, with documentation to follow.
CIA Exam Syllabus Reference:
Domain V: Performing Internal Audit Services – Effective Communication of Findings.
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