IIA-CIA-PART2 · Question #12
It is close to the fiscal year end for a government agency, and the chief audit executive (CAE) has the following items to submit to either the board or the chief executive officer (CEO) for…
The correct answer is C. A request for an increase of the CAE's salary for the next fiscal year. According to IIA guidance, a request for an increase in the Chief Audit Executive's (CAE) salary for the next fiscal year should be submitted only to the CEO. Compensation matters typically fall under the purview of executive management rather than the board, as the board…
Question
It is close to the fiscal year end for a government agency, and the chief audit executive (CAE) has the following items to submit to either the board or the chief executive officer (CEO) for approval. According to IIA guidance, which of the following items should be submitted only to the CEO?
Options
- AThe internal audit risk assessment and audit plan for the next fiscal year.
- BThe internal audit budget and resource plan for the coming fiscal year.
- CA request for an increase of the CAE's salary for the next fiscal year.
- DThe evaluation and compensation of the internal audit team.
How the community answered
(36 responses)- A3% (1)
- C94% (34)
- D3% (1)
Explanation
According to IIA guidance, a request for an increase in the Chief Audit Executive's (CAE) salary for the next fiscal year should be submitted only to the CEO. Compensation matters typically fall under the purview of executive management rather than the board, as the board focuses on broader governance issues, including risk assessment, audit plans, and resource allocation.
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