The COO has requested the internal audit group advise her regarding the new incentive plan being developed for sales representatives. Which of the following tasks should the CAE decline with respect to providing advice to the COO?
a) recommending monitoring procedures so that appropriate amounts are paid out under the plan
b) determining how to best document the support for amounts paid to provide a sufficient audit trail
c) researching and benchmarking incentive plans provided by other companies in the industry
d) determining the appropriate bonus formula for inclusion in the plan
e) identify what new risks the incentive plan introduced to the organization
Answer: d) determining the appropriate bonus formula for inclusion in the plan
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