According to IIA Guidance, Which of the Following Statements Is

question 69

Multiple Choice

According to IIA guidance, which of the following statements is true regarding the authority of the chief audit executive (CAE) to release previous audit reports to outside parties?

• A) The CAE can release prior internal audit reports with the approval of the board and senior management.
• B) The CAE can employ judgment and release prior audit results as they deem appropriate and necessary.
• C) The CAE can only release prior information outside the organization when mandated by legal or statutory requirements.
• D) The CAE can release prior information provided it is as originally published and distributed within the organization.

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Definitions:

Emphasized

To give special importance or prominence to something within a particular context.

Direct Labor Hours

A measure of the work effort contributed by employees who are directly involved in manufacturing goods or providing services, essential for cost and efficiency analysis.

Constrained Resource

A factor of production that limits the output or growth of a process, such as limited raw materials, labor, or machine capacity.

Profitable Use

Utilizing resources or an asset in a manner that generates a favorable financial return.