A certified internal auditor (CIA) performed an assurance engagement on a department store's cash function. Which one of the following actions will be deemed lacking in due professional care?

Question

Accepted Answer

Because of a highly developed system of internal control over the cash function, the final engagement communication assured senior management that no irregularities existed.

Answer

A flow chart of the entire cash function was developed, but only a sample of transactions was tested.

Answer

Organisational records were reviewed to determine whether all employees who handle cash receipts and disbursements were trained.

Answer

The final engagement communication included a well-supported recommendation for the reduction in staff, although it was known that such a reduction would adversely affect morale.

Crowdly

A certified internal auditor (CIA) performed an assurance engagement on a depart...

Хочете миттєвий доступ до всіх перевірених відповідей на mymodules.dtls.unisa.ac.za?