The vice president of operations for a utilities company sought out the lead auditor of a team

Question:

The vice president of operations for a utilities company sought out the lead auditor of a team working in a nearby plant. The vice president had recommended that one of the young managers at the plant be assigned to internal auditing for a year to get a broader perspective of the firm. Such an assignment would serve as preparation for the greater management responsibilities expected for the young manager in the future. The vice president had spoken with the young man that morning and discovered that he had not been assigned to the audit of the plant where he used to work. The vice president asked the lead auditor why the young man had not been included, especially since he was so familiar with the plant's operations and could save the other auditors a great deal of time (and, consequently, money) in understanding the operations and performing the audit.

Required:

Explain conceptually why the young manager might be left off the audit team. Do you agree with that decision?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Internal Auditing: Principles And Techniques

ISBN: 9780894131677

1st Edition

Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke

Question Posted: