During an audit of sales representatives' travel expenses, it was discovered that 152 of 200 travel advances issued to sales representatives in the past year exceeded the prescribed maximum amount allowed. Which of the following statements is a justifiable audit opinion?
The majority of travel advances in theorganizationexceed the prescribed maximum.
Travel advances are not controlled in accordance with existing policy.
The prescribed maximum travel advance is too low.
76% of all travel advances exceed the management prescribed maximum.
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