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IIA-CIA-Part2 Exam - Question 282


An audit observation noted that annual inventory counts of biofuel was not being performed appropriately. Fuel yards were not visited and physical amounts of biofuel were not reconciled with accounting data. Management of the division understood the issue and promised to resolve the problem. When should the internal auditor schedule a follow-up review?

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Correct Answer: A,B

The internal auditor should schedule a follow-up review as soon as possible, ideally no later than two months after the audit. This ensures that the issue is addressed promptly and that corrective actions are evaluated in a timely manner. Waiting for a convenient time or relying solely on management's indication that the issue has been resolved may delay necessary improvements and oversight.

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8aaab27Option: C
Jul 17, 2024

C makes sense