An Organization Decides to Create an Internal Audit Function and Hires

question 83

Multiple Choice

An organization decides to create an internal audit function and hires a new chief audit executive (CAE) . Which of the following should the CAE first consider when developing the internal audit process?

• A) Requirements of the external auditors to ensure an efficient coordination of audit effort.
• B) Sufficient resources to adequately meet the needs of the annual audit plan.
• C) Alignment of internal audit objectives with the organization's strategic plan.
• D) An appropriate training plan for audit staff.

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Definitions:

Vulnerability

The susceptibility to be wounded or harmed, either physically, emotionally, or socially.

Prolonged Stress

Chronic stress experienced over an extended period, which can lead to significant health issues, including mental health disorders and cardiovascular diseases.

Recurrent

Occurring repeatedly or periodically; characterized by a pattern of coming back or happening again after intervals of time.

Illness

A state of being in poor health, either physically or mentally, due to disease, injury, or other health conditions.