When an organization is choosing a new external auditor, which of the following is the most appropriate role for the chief audit executive to undertake?
A.
Review and acquire the external audit service.
B.
Assess the appraisal and actuarial services.
C.
Determine the selection criteria.
D.
Identify regulatory requirements to be considered.
The most appropriate role for the CAE is to ensure that regulatory and professional requirements are properly considered during the selection process. This aligns with the CAE's responsibilities in maintaining oversight of governance and compliance matters.
Why would it not be "C-determine the selection criteria"? My understanding is this would involve setting the standards and requirements the external auditor must meet, ensuring they align with the organizational needs including regulatory requirements.
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
Elvoo
1 week, 6 days agoemtofid
3 months agoSiweBalala
3 months, 2 weeks agoe6ad5a7
4 months, 2 weeks ago34205ac
5 months, 1 week ago