IIA Business Knowledge for Internal Auditing IIA-CIA-Part3 Question # 144 Topic 15 Discussion

IIA Business Knowledge for Internal Auditing IIA-CIA-Part3 Question # 144 Topic 15 Discussion

IIA-CIA-Part3 Exam Topic 15 Question 144 Discussion:
Question #: 144
Topic #: 15

Management decides to accept the risk on a significant audit observation related to the organization's exposure to fraud risk. The chief audit executive considers the finding to have a high residual risk. Which of the following steps should be performed last?


A.

Gather risk appetite data


B.

Inform the internal legal counsel


C.

Inform the board


D.

Consult with the organization's regulators


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