External experts were used on a recent IT audit engagement. While assessing the external experts' work, the internal audit team found some gaps in the evidence that may have impacted their conclusions. What is the internal audit team's BEST course of action?
When an internal audit team identifies gaps in evidence that may impact the conclusions of external experts, the best course of action is to report a scope limitation in their conclusions. This ensures that stakeholders are fully aware of the limitations and potential impacts on the audit's reliability and completeness. Documenting and communicating these limitations maintains transparency and accountability in the audit process.
The best course of action for the internal audit team is to recommend that the external experts conduct additional testing. This allows the external experts to address the gaps in evidence and ensure their conclusions are accurate and complete.
is the appropriate action because it transparently communicates the identified gaps in the evidence to stakeholders. By reporting the limitations, the internal audit team ensures that the stakeholders are aware of the potential impact on the reliability and completeness of the audit findings and conclusions.
the BEST course of action for the internal audit team would be to report a scope limitation in their conclusions. This means that the internal audit team should document the issues they have identified and clearly communicate to stakeholders the limitations of the audit findings.
recommending the external experts conduct additional testing, may be appropriate in some cases. However, it would only be appropriate if the gaps in evidence are specific and limited in scope. If the gaps are more widespread, then this option may not be effective.
C. Recommend the external experts conduct additional testing
B. Report a scope limitation in their conclusions.
In this scenario, the internal audit team's best course of action would be to thoroughly document the gaps in evidence that may have impacted the external experts' conclusions. They should communicate these gaps transparently to the external experts, providing additional context and information to help them understand the limitations of the evidence. By being transparent and collaborative, the internal audit team can work together with the external experts to address any discrepancies and ensure a more accurate and comprehensive audit report. Therefore, I vote for C. Recommend the external experts conduct additional testing.
Do the internal Auditors have the authority to pass recommendations to the External Expects, or they recommend management to then talk to external experts?
Answer: B Transparency, Risk Communication, Accountability
When assessing the work of external experts during an IT audit engagement, the BEST course of action for the internal audit team is to report a scope limitation in their conclusions. This ensures transparency and highlights any gaps or limitations in the evidence provided by the external experts
If the evaluation by outside experts is inadequate, then it is correct to recommend that additional testing be conducted.
B and D look valid . i will go with B as we need to document and report