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.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!