Answer (D) is correct . The board of directors ordinarily receives summary reports only. Reports should be distributed to all those directly interested in the audit (including the executive to whom the internal auditing function reports), the person to whom replies will be addressed, the person responsible for the activity reviewed, and the person required to take corrective action. External auditors would likewise have an interest in such reports.
Answer (A) is incorrect because Reports should be distributed to all those directly interested in the audit (including the executive to whom the internal auditing function reports), the person to whom replies will be addressed, the person responsible for the activity reviewed, and the person required to take corrective action. External auditors would likewise have an interest in such reports.
Answer (B) is incorrect because Reports should be distributed to all those directly interested in the audit (including the executive to whom the internal auditing function reports), the person to whom replies will be addressed, the person responsible for the activity reviewed, and the person required to take corrective action. External auditors would likewise have an interest in such reports.
Answer (C) is incorrect because Reports should be distributed to all those directly interested in the audit (including the executive to whom the internal auditing function reports), the person to whom replies will be addressed, the person responsible for the activity reviewed, and the person required to take corrective action. External auditors would likewise have an interest in such reports.
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