Which of the following statements about internal audit's follow-up process is true?

Which of the following is the primary purpose of financial statement audit engagements?

While conducting an audit of a third party's Web-based payment processor, an internal auditor discovers that a programming error allows customers to create multiple accounts for a single mailing address. Management agrees to correct the program and notify customers with multiple accounts that the accounts will be consolidated. Which of the following actions should the auditor take?
1. Schedule a follow-up review to verify that the program was corrected and the accounts were consolidated.
2. Evaluate the adequacy and effectiveness of the corrective action proposed by management.
3. Amend the scope of the subsequent audit to verify that the program was corrected and that accounts were consolidated.
4. Submit management's plan of action to the external auditors for additional review.

According to IIA guidance, organizations have the most influence on which element of fraud?

Which of the following would not be characteristic of control self-assessment implemented by an audit department?