A home appliances manufacturer is considering adding web$-$enabled technology into its products. The CEO asks the CAE to undertake a month$-$long consulting engagement to identify and evaluate the risks of adopting this product development change. Which of the following statements is true regarding the involvement of the CAE in the consulting engagement?

The CAE must determine if there is sufficient expertise in internal audit to conduct the engagement on its own; if not, additional consultants should be hired to augment internal audit's skillset.

The CAE should ensure that the objectives, scope, and approach of the consulting engagement are achievable within a month.

The CAE is ultimately responsible for the objectives and scope of the engagement.

The CAE should reject the engagement because it was not identified as a high$-$risk area in the audit plan.