A manufacturing organization is considering a merger with a similar firm, and requests that the chief audit executive (CAE) perform a due diligence audit. During the preliminary survey, the CAE notes that inventory management is a high risk area. In consultation with the external auditors and legal advisors, the CAE learns that they share those concerns. Which of the following is the CAE's best course of action?

Which of the following would be an appropriate and effective control self-assessment approach in an organization with an authoritative culture?
I.Facilitated meeting.
II.
Survey.
III.
Management-produced analysis.

Which of the following files, when compared with billing records, would provide the best source of information for determining if all goods shipped are billed to customers?

An internal auditor has completed an audit of an organization's activities and is ready to issue a report. However, the client disagrees with the internal auditor's conclusions. The auditor should:

An internal auditor has a recommendation to change operations which could potentially increase profits by $50,000. The best way to sell this recommendation to management is to: