A Chief Audit Executive (CAE) Was Asked to Participate in the Selection

question 89

Multiple Choice

A chief audit executive (CAE) was asked to participate in the selection of an external auditor. Which of the following would not be a typical responsibility for the CAE?

• A) Evaluate the proposed external auditor fee.
• B) Recommend criteria to be used in the selection process.
• C) Develop appropriate performance metrics.
• D) Monitor the work of the external auditors.

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Definitions:

Autonomous Morality

The stage in moral development where individuals recognize that rules and laws are created for the good of the collective and can be questioned and modified.

Social Structure

The organized pattern of social relationships and social institutions that together compose society.

Relational Scheme

Cognitive structures that allow individuals to understand and organize their relationships with others.

Peer Rejection

The process or experience of being excluded, ignored, or dismissed by peers or peer groups, which can have various negative psychological and emotional effects on an individual.