Question: The COO has requested the internal audit function advise her regarding the new incentive plan being developed for sales representatives. Which of the following tasks
The COO has requested the internal audit function advise her regarding the 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?
Determining how to best document the support for amounts paid to provide a sufficient audit trail.
Researching and benchmarking incentive plans provided by other companies in the industry.
Identifying what new risks the incentive plan introduces to the organization.
Recommending monitoring procedures so that appropriate amounts are paid out under the plan.
Determining the appropriate bonus formula for inclusion in the plan.
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