Which of the Following Statements Is Not True About the Oversight

question 441

Multiple Choice

Which of the following statements is not true about the oversight and review of working papers by the chief audit executive (CAE) ?

• A) The CAE has ultimate responsibility for reviewing working papers and remains accountable for the achievement of objectives and the quality of work.
• B) The need for CAE review depends on the proficiency and experience of the internal auditor and the complexity of the task.
• C) The CAE is responsible for all significant professional judgments made during the audit process and should therefore personally review working papers to ensure conclusions were professionally arrived at.
• D) The CAE, although having overall responsibility for reviewing work completed, can delegate such task to appropriately experienced internal audit staff.

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Definitions:

Paraphrase

To paraphrase is to restate someone else's ideas, message, or text in your own words, often to clarify meaning or to simplify complex information.

Plagiarism

The practice of taking someone else's work or ideas and passing them off as one's own.

Direct Quotation

The exact repetition of someone's words within a text, typically enclosed in quotation marks.

Natural Resources

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.