Internal audit departments track reported findings in a:
AFixed asset register
BTax filing register
CDividend payout ledger
DFollow-up database
Answer & Solution
Correct answer: D. Follow-up database
A database is maintained so that reported findings can be revisited at intervals.
Keep practising Internal Audit
Browse all Internal Audit questions for CA Final, or explore more Auditing topics.
Related questions
The second line is separate from delivery but is:Management owns internal control; internal auditors:Strategic planning for internal audit may use which framework?Internal audit's role in enterprise risk management is typically:The Sarbanes-Oxley Act, which raised the profession's profile, dates from:Internal audit scope can include proactive audits to identify:Internal audit is often used as what for future managers?Sawyer urged auditors to focus on which type of auditing?