Which of the following are acceptable resources for a chief audit executive to use when developing a staffing plan?
1. Co-sourcing arrangements.
2. Employees from other areas of the organization.
3. The organization's external auditors.
4. The organization's audit committee members.
A chief audit executive can use co-sourcing arrangements and employees from other areas of the organization when developing a staffing plan. Co-sourcing allows for flexibility and expertise from external sources, while utilizing employees from other areas can tap into internal resources with diverse skills and knowledge. The organization's external auditors and audit committee members, however, are not typically used for internal staffing purposes. External auditors maintain their independence by not performing internal functions, and audit committee members provide oversight rather than staffing support.
Option C does not include 1. Co-sourcing, considering this is most commonly used approach.
Why not C?
external auditors can't work under CAE
External Auditor's services can indeed be requested on an ad hoc basis, for specific engagements in non publicly traded companies. Nevertheless, this is not to be considered in a staffing plan.