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IIA-CIA-PART2 · Question #5

IIA-CIA-PART2 Question #5: Real Exam Question with Answer & Explanation

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Question

The newly appointed chief audit executive (CAE) of a large multinational corporation, with seasoned internal audit departments located around the world, is reviewing responsibilities for engagement reports. According to IIA guidance, which of the following statements is true?

Options

  • AThe CAE is required to review, approve, and sign every engagement report.
  • BThe CAE is required to review, approve, and sign all regulatory compliance engagement reports
  • CThe CAE may delegate responsibility for reviewing, approving and signing engagement reports,
  • DThe internal audit charter must identify authorized signers of engagement reports.

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