Which item is NOT typically required for closure of an audit finding?

• A. Corrective actions
• B. Evidence of effectiveness
• C. Verification by the auditor or supervisor
• D. Regulatory approval of the root-cause elimination plan

Answer: (D)

Closing an audit finding hinges on three things: implementing corrective actions that address the root cause, providing evidence that those actions actually work and prevent recurrence, and having the closure verified by the auditor or supervisor. Regulatory approval of the root-cause elimination plan isn’t normally part of the closure steps. It may come into play for broader governance or regulatory change processes, but for the purpose of closing an internal audit finding, the plan itself doesn’t require regulator sign-off. So the elements that must be present are the corrective actions, evidence of effectiveness, and independent verification, making regulatory approval of the plan not typically required.