If there is a significant error or omission in the final audit report that was communicated to management, which of the following is the key action for the internal audit activity?
A.
Communicate the corrected information to the manager of the audited department.
B.
There should be a follow-up audit to address the error or omission.
C.
The auditor should update the scope of the audit to include the omission.
D.
The corrected communication should be redistributed to the original recipients.
If a significant error or omission is found in the final audit report, it is crucial for the internal audit activity to correct the information and redistribute the corrected report to all original recipients. This ensures that all stakeholders are informed of the accurate findings and can take appropriate actions based on correct information.
IIA References:
IIA Standard 2440: Disseminating Results requires that the internal audit activity communicate accurate and complete results. If an error or omission is identified, the corrected information must be promptly communicated to all relevant parties to maintain the integrity of the audit process.
The Practice Guide on Communicating Results emphasizes that errors in audit reports should be corrected and the revised report should be distributed to ensure stakeholders are acting on accurate information.
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