100%(5)5 out of 5 people found this document helpful
This preview shows page 10 - 11 out of 11 pages.
A CAE with sufficient appropriate accounting and auditing expertise to properly evaluate the situation.Better communication between the internal audit function and the independent outside audit firm.An internal audit policy on how to handle disagreements between the internal audit function and auditees. The policy might include, for example, a provision that the CAE is responsible for making final decisions regarding the resolution of disagreements when they occur.More careful scheduling of internal audit engagements. Conducting this engagement at the same time that management was closing the books and preparing the financial statements significantly