Select the most appropriate description

(a, b or

c) for the three terms (1, 2 and 3):

The final view of information is one based on the type of action that it is meant to stimulate, which may be classified in the following manner:

Term Description

(a,

b, or c)

1. Strategic 2. Managerial 3. Operational Descriptions:

a. Weekly time sheets, if processed properly, will generate weekly reports that may be used to get a fix on the performance of audits and auditors. These reports will be more detailed and give the narrow and more accurate picture that is required to make quick decisions on resourcing all current audits. We may wish to abort audits, extend them, transfer resources and/or seek explanation from the field auditor on receipt of this type of information as part of the management process. Managerial.

b. Audit management requires aggregate information, say monthly, that sets the global position over the entire audit function for long-term planning. This ‘big picture’ will assist in the overall direction of audit and help develop a futuristic strategy to cater for the next months or years. Strategic.

c. Daily feedback on what is going on in internal audit is one way of controlling resources.

This may be related to information on who is doing what, where, for how long and why, so that relevant decisions may be made as required. Operational.