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.
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.
Get Answers For Free
Most questions answered within 1 hours.