Must all observations identified by an internal audit team during an assurance engagement be acted upon by
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Must all observations identified by an internal audit team during an assurance engagement be acted upon by management? Explain. What are the implications for the internal audit function if management fails to respond appropriately to an observation warranting corrective action?
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Not all observations identified by an internal audit team during an assurance engagement need to be acted upon by management The decision to act on an observation depends on various factors including ...View the full answer
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Related Book For 
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
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