Question: A chief audit executive (CAE) learned that a staff internal auditor provided confidential information to a relative. Both the CAE and staff internal auditor are
A chief audit executive (CAE) learned that a staff internal auditor provided confidential information to a relative. Both the CAE and staff internal auditor are CIAs. Although the internal auditor did not benefit from the transaction, the relative used the information to make a significant profit. The most appropriate way for the CAE to deal with this problem is to\ \ \ A.\ Verbally reprimand the internal auditor.\ \ B.\ Take no action because the internal auditor did not benefit from the transaction.\ \ C.\ Inform The IIAs Board of Directors and take the personnel action required by organizational policy.\ \ D.\ Summarily discharge the internal auditor and notify The IIA.
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