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.

---

Definitions:

Job Duties

The responsibilities and tasks that are expected to be performed by someone holding a particular job position.

Technology

Refers to the application of scientific knowledge for practical purposes, especially in industry and in the design, production, and use of tools, machines, and software.

Competency-Based Management

An approach to management that focuses on assessing, managing, and developing employees' skills and competencies to meet organizational goals.

High Performers

Individuals within an organization who consistently exceed set performance expectations and contribute significantly to its success.