The chief operating officer (COO) has requested that the internal audit function advise her regarding a new
Question:
The chief operating officer (COO) has requested that the internal audit function advise her regarding a new incentive plan being developed for sales representatives. Which of the following tasks should the CAE decline with respect to providing advice to the COO?
a. Researching and benchmarking incentive plans provided by other companies in the industry.
b. Determining the appropriate bonus formula for inclusion in the plan.
c. Recommending monitoring procedures so that appropriate amounts are paid under the plan.
d. Determining how to best document the support for amounts paid to provide a sufficient audit trail.
Step by Step Answer:
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