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The chief audit executive (CAE) of a large organization has been asked by the board to assume responsibility for risk management and compliance operations, both of which are distinct departments within the organization and are subject to periodic audits by the internal audit activity.
In regards to future audits of these functions which of the following approaches would be most appropriate?
- A . Audits of risk management and compliance functions should be overseen by a competent external assurance provider
B. Audits of risk management and compliance functions should be overseen by a senior audit manager within the internal audit activity other than the CAE
C. Audits of risk management and compliance functions should be conducted by internal auditors under the supervision of management from both functions
D. Audits of risk management and compliance functions should be earned out by a team of the most experienced auditors overseen by the CAE
Suggested Answer: A
Posted : 17/01/2023 9:06 am