In exhibit 3-4, the internal audit function is included in the assurance box. In light of this
Question:
In exhibit 3-4, the internal audit function is included in the assurance box. In light of this assurance role, discuss the pros and cons of the chief audit executive (CAE) reporting to the board of directors (or one of its committees) versus the chief financial officer (CFO). Relate your answer to the concepts described in Standard 1100: Independence and Objectivity.
Exhibit 3.4
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In the context of the internal audit functions assurance role there are advantages and disadvantages to both the Chief Audit Executive CAE reporting to the Board of Directors or one of its committees ...View the full answer
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Related Book For 
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
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