When me internal audit activity does not have sufficient time to complete its usual root cause analysis which c4 the following is most appropriate?
A.
The chief audit executive may recommend that management conduct further work to identify the root cause and address the issue
B.
Internal auditors should finish the engagement without conducting the root cause analysis and draft the audit report, though the report would not be considered complete until the analysis is concluded
C.
internal auditors must adjust their future engagement schedule to ensure that the root cause analysis is always performed before the engagement is concluded
D.
Internal auditors should Instead perform a Pareto rule analysis
According to IIA guidance, if the internal audit activity does not have sufficient time to complete its usual root cause analysis, the chief audit executive (CAE) may recommend that management conduct further work to identify the root cause and address the issue. This approach ensures that the root cause is still identified and addressed without delaying the audit report, maintaining the integrity and usefulness of the audit findings while leveraging management’s resources.
IIA Standards: 2410.A1 - Criteria for Communicating
IIA Practice Guide: Root Cause Analysis
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