Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What may be included in the audit function reports to those charged with governance and oversight?
What may be included in the audit function reports to those charged with governance and oversight?
- Marketing materials for the audit department
- Recommendations for future audit engagements
- Updates on staff vacation schedules
- Results of management progress on agreed-on implementations (correct)
What is one of the responsibilities that may be included in the audit charter?
What is one of the responsibilities that may be included in the audit charter?
- Providing IT support for other departments
- Developing marketing strategies for the organization
- Reviewing customer complaints
- Required reporting to governance on the independence of the function (correct)
When should the audit charter be reviewed to ensure alignment with the enterprise mission and strategies?
When should the audit charter be reviewed to ensure alignment with the enterprise mission and strategies?
- Every quarter
- Every 5 years
- Only when a major crisis occurs
- At least annually and when responsibilities change (correct)
Under what circumstances should an immediate review of the audit charter be conducted?
Under what circumstances should an immediate review of the audit charter be conducted?
Signup and view all the answers
Flashcards are hidden until you start studying
