A chief audit executive (CAE) tours a company that was just acquired by his company. The existing
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A chief audit executive (CAE) tours a company that was just acquired by his company. The existing auditor shows the CAE the different aspects of the plant, including maintenance, inventory, and the shipping department. The CAE notices a revenue room where the days cash sales are secured. The CAE asks to tour this room as well. The auditor quickly responds that no one is allowed in there, not even internal audit, due to the amount of cash kept there. The CAE should have an issue with this based on what aspect of the International Professional Practices Framework?
Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133405507
13th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
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