The efficiency of internal audit operations is best enhanced if workpaper standards:

While reviewing the draft report of an audit engagement, the chief audit executive (CAE) is not in agreement with management's acceptance of the potential risk exposure resulting from an observed key control weakness. Which of the following actions by the CAE would be appropriate for addressing this concern?
Meet with the auditor-in-charge.
Discuss with senior management.
Monitor the result of the accepted risk.
Report the matter to the board.

An auditor analyzed a payroll system's data files for unusual activity, such as excessive overtime hours, unusual fluctuations in pay rates, and excessive vacation time. The application controls being verified by this analysis are:

To furnish useful and timely information and promote improvements in operations, internal auditors should provide:

Monetary-unit sampling is most useful when the internal auditor: