Question

In: Accounting

1. the chief audit executive has noticed that some staff auditors have become more proficient in...

1. the chief audit executive has noticed that some staff auditors have become more proficient in the use of personal computers while other auditors want nothing to do with them. the executive should:

A. disregard the differences

B. Provide training for those individuals interested in improving their skills

C. Discipline the individuals who display no self starting abilities

D. Establish a program for developing the capabilities of the entire internal audit department

Solutions

Expert Solution

Explanation:

correct answer is option "D" ( i.e the auditor should develop the capabilities of the entire internal audit department )

Auditing is an important part for the company's smooth functioning and prevention of frauds and errors in timely manner.

The executive auditor acts as a watchdog, focusing on implementation of laws and regulations on continuous basis.

The auditor cannot work by himself all the way throughout the audit, therefore he needs assistance from other audit assistant for completion of audit.

The auditors assistant must be well educated,trained and qualified to assist the auditor for which day need to be regularly updated about the latest changes taking place in the market and in accounting technologies.

Other options

  • Option A : if the auditor discovered the difference then he will not be able to place appropriate order assistants for the audit purpose.
  • Option B : auditor cannot provide training to only those who are interested it is the duty of order to train the complete staff of the form rather than providing training to only interested once.
  • Option C : the auditor should try to motivate the individuals to develop skills and to update themselves rather than forming discipline in these individuals.

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