Which of the following statements is true regarding the chief audit executive's (CAT$) responsibilities after completing an assurance or consulting engagement?

Question

Options

• AThe CAE must establish a follow-up process tor both assurance and consulting engagements to
• BThe CAE must communicate the results of assurance and consulting engagements lo whoever can
• CThe CAE must acknowledge satisfactory performance when communicating the results of
• DThe CAE may delegate the responsibility for communicating the results of consulting engagements

• B
  95% (38)
• C
  3% (1)
• D
  3% (1)

Explanation

According to the International Standards for the Professional Practice of Internal Auditing, the Chief Audit Executive (CAE) has a responsibility to ensure that the results of both assurance and consulting engagements are communicated to the appropriate parties. This ensures that the observations and recommendations are acknowledged and acted upon by those who have the authority to implement necessary changes or take corrective actions. This communication is crucial for ensuring that the findings of the internal audit are effectively utilized to improve governance, risk management, and control processes.

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