Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 274

Which of the following would be most likely found in an internal audit procedures manual?

Answer options

• A. A summary of the strategic plan of the area under review.
• B. Appropriate response options for when findings are disputed by management.
• C. An explanation of the resources needed for each engagement.
• D. The extent of the auditor's authority to collect data from management.

Correct answer: B

Explanation

The correct answer, B, highlights the importance of having predefined response options when management disputes audit findings, which is critical for ensuring a smooth audit process. The other options, while relevant to auditing, do not specifically address the procedures for handling disputes, making them less likely to be included in an internal audit procedures manual.