Question

Which of the following is an appropriate responsibility of the board?

Reviewing the CAE-supplied internal audit function’s engagement work schedule.

Recommending the assignment of speci c internal audit staff members for specific engagements.

Reviewingtheengagementrecordsoftheexternalauditortodeterminetheircompetence.

Performing a review of the procurement function of the organization.

Answer 1

Which of the following is an appropriate responsibility of the board?

Answer:

Reviewing the CAE-supplied internal audit function’s engagement work schedule - Part of the job of the audit committee/finance team

Recommending the assignment of specifc internal audit staff members for specific engagements - Part of the job of the audit committee/finance team

Reviewingtheengagementrecordsoftheexternalauditortodeterminetheircompetence - Part of the job of the audit committee/finance team

Performing a review of the procurement function of the organization - One of the most crucial activities of the board is to review to the procurement function and verify whether everything is in line with the company objectives.