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Q79 Single choice

After auditing the treasury function, the internal audit team issued a final report, which included an action plan agreed with management. When the audit team returned three months later to follow up on the action plan, management indicated that the plan had not been implemented because the old treasury system was being replaced with a new system.

Which of the following is the most appropriate audit response?

A
The internal audit team should propose a new, relevant action plan that takes into account the new treasury system
B
The internal audit team should disregard the original action plan and follow up next year, after management determines whether the new system poses any new risks
C
The internal audit team should report this issue to the chief audit executive, who should communicate management's noncompliance directly to the board
D
The internal audit team should report this issue to the chief audit executive, who should discuss the issue with senior management

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