The Chief Audit Executive (CAE) Routinely Provides Activity Reports to the Board

question 291

Multiple Choice

The chief audit executive (CAE) routinely provides activity reports to the board during quarterly board meetings. Senior management has asked to review the CAE's board presentation before each board meeting so that any issues or questions can be discussed beforehand. The CAE should:

• A) Provide the activity reports to senior management as requested and discuss any issues that may require action to be taken.
• B) Not provide activity reports to senior management because such matters are the sole province of the board.
• C) Disclose only those matters in the activity reports that pertain to expenditures and financial budgets of the internal audit activity.
• D) Provide information to senior management that pertains only to completed audit engagements and observations available in published engagement final communications.

---

Definitions:

Survey Feedback

A method used in organizational development, where information is collected through questionnaires and shared with the participants to facilitate improvement and change.

TQM

Total Quality Management, a management approach focused on continuous improvement in all aspects of an organization, emphasizing quality in every operation.

Reengineering

involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times, and quality.

Incremental Improvements

Small, gradual changes or enhancements made to a process, product, or service to improve efficiency, quality, or performance.