Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 163
Which of the following statements best applies to audit observations being considered for the final audit report?
Answer options
- A. Reported audit observations require an audit rating
- B. The board will follow up on the observations separately
- C. Reported audit observations are exempt from due dates
- D. Reported audit observations should continue to appear on interim reports
Correct answer: D
Explanation
The correct answer, D, indicates that reported audit observations should be included in interim reports to ensure ongoing visibility and tracking. Option A is incorrect because while ratings may be helpful, they are not a requirement for observation reporting. Option B is misleading as it suggests a separate process that may overlook the need for consistent tracking. Option C is inaccurate since all audit observations typically have due dates for resolution.