According to IIA guidance, which of the following statements is true regarding the authority of the chief audit executive (CAE) to release previous audit reports to outside parties?

The correct answer is A. The CAE can release prior internal audit reports with the approval of the board and senior. According to IIA guidance, the release of prior internal audit reports to external parties must be carefully managed to protect the confidentiality and integrity of the information. The CAE must obtain approval from the board and senior management before releasing such reports…

Communicating Engagement Results and Monitoring Progress

Question

Options

AThe CAE can release prior internal audit reports with the approval of the board and senior
BThe CAE can employ judgment and release prior audit results as they deem appropriate and
CThe CAE can only release prior information outside the organization when mandated by legal or
DThe CAE can release prior information provided it is as originally published and distributed within

How the community answered

(49 responses)

A
88% (43)
B
6% (3)
C
2% (1)
D
4% (2)

Explanation

According to IIA guidance, the release of prior internal audit reports to external parties must be carefully managed to protect the confidentiality and integrity of the information. The CAE must obtain approval from the board and senior management before releasing such reports. This ensures that sensitive information is disclosed appropriately and in alignment with the organization's governance and compliance policies.

Topics

#audit report release#external parties#CAE authority#confidentiality

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