When a significant finding is noted early during a review of the accounts payable function, which next course of action is best for communicating the issue?
When a significant finding is noted early during a review of the accounts payable function, which next course of action is best for communicating the issue?
When noting a significant finding early during a review of the accounts payable function, the best course of action is to inform accounting management via an interim memorandum update. This allows the relevant management team to address the issue promptly and implement any necessary corrective actions without waiting for the final audit report. Immediate communication helps in mitigating potential risks and ensures that significant issues are acknowledged and handled in a timely manner.
Answer D is not logic , and notification is not part of IA communications either interim , or keep it working paper to be reviewed then disused in exit meeting them final report .