Question
During a consulting engagement involving the development of a new accounts payable system, an internal auditor identified a control weakness. Although the weakness was reported
During a consulting engagement involving the development of a new accounts payable system, an internal auditor identified a control weakness. Although the weakness was reported to the manager of the systems development project, the manager decided to accept the risk because, in the manager's opinion, the risk was not significant. Six months after the implementation of the new system, the disbursements process was audited by another internal auditor who determined that the control weakness had impacted payment processing. The auditor reviewing the disbursements process should do which of the following?
Group of answer choices
Discuss the control weakness with the manager of the accounting system, but do not report the finding
Disregard the control weakness because management previously decided to accept the risk
Report the control weakness to management and the audit committee
None of the choices
Request that the manager of the systems development project fix the system
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