When Creating the Internal Audit Plan, the Chief Audit Executive

question 311

Multiple Choice

When creating the internal audit plan, the chief audit executive should prioritize engagements based primarily on which of the following?

• A) The last available risk assessment.
• B) Requests from senior management and the board.
• C) The longest interval since the last examination of each audit universe item.
• D) The auditable areas required by regulatory agencies.

---

Definitions:

Knowledge, Skills, and Abilities (KSAs)

Refers to the set of competencies required to perform effectively in a job role, including theoretical understanding, practical expertise, and innate capabilities.

Job Families

Groups of occupations based upon work performed, skills, education, training, and credentials.

Legal Issues

Matters involving interpretations of laws and regulations, often requiring legal advice or actions to resolve disputes or comply with legal requirements.

Job Analysis

The process of gathering, documenting, and analyzing information about job tasks, responsibilities, and the required skills, knowledge, and abilities for a specific role.