Which of the following would help the internal audit activity assess compliance with the organization's standard operating procedures for bank deposits during a preliminary survey?
A.
Issue an internal control questionnaire to select branch customers.
B.
Issue an internal control questionnaire to the president of the organization.
C.
Issue an internal control questionnaire to the director of bank operations.
D.
Issue an internal control questionnaire to select branch managers.
The most appropriate action to assess compliance with the organization's standard operating procedures for bank deposits during a preliminary survey is to issue an internal control questionnaire to select branch managers. Branch managers are directly responsible for the day-to-day operations at their branches, including adherence to standard operating procedures for bank deposits. They are in the best position to provide accurate and relevant information about the controls in place and their effectiveness.
IIA References:
IIA Standard 2210: Engagement Objectives and IIA Standard 2201: Planning Considerations emphasize the importance of gathering relevant information from knowledgeable sources during the planning phase of an engagement. Issuing ICQs to individuals who oversee the processes under review, such as branch managers, helps in identifying potential risks and areas of non-compliance.
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