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IIA Internal Audit Function IIA-CIA-Part3 Question # 70 Topic 8 Discussion

IIA Internal Audit Function IIA-CIA-Part3 Question # 70 Topic 8 Discussion

IIA-CIA-Part3 Exam Topic 8 Question 70 Discussion:
Question #: 70
Topic #: 8

A significant project is nearing its development stage end, and line management intends to apply for a final investment decision from senior management at an upcoming meeting. The internal audit function is at the fieldwork stage of an assurance engagement related to this project and discovers that tenders conducted for the project were not carried out transparently by line management. The audit report will not be ready by the upcoming senior management meeting. Which of the following actions is the most appropriate next step for the chief audit executive?


A.

Escalate the issue to the chief risk officer


B.

Raise the issue with senior management


C.

Continue with the assurance engagement as planned


D.

Place the assurance engagement on hold due to inappropriate timing


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