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Question 243

Which of the following actions are appropriate for the chief audit executive to perform when identifying audit resource requirements?

1. Consider employees from other operational areas as audit resources, to provide additional audit coverage in the organization.

2. Approach an external service provider to conduct internal audits on certain areas of the organization, due to a lack of skills in the organization.

3. Suggest to the audit committee that an audit of technology be deferred until staff can be trained, due to limited IT audit skills among the audit staff.

4. Communicate to senior management a summary report on the status and adequacy of audit resources.

    Correct Answer: D

    To identify audit resource requirements appropriately, the chief audit executive can consider various actions. Engaging an external service provider (option 2) is logical when internal skills are lacking. Deferring an audit until staff can be trained (option 3) is also suitable, as it ensures audits are performed by competent personnel. Communicating a summary report on the status and adequacy of audit resources to senior management (option 4) is essential for transparency and resource planning. Considering employees from other operational areas (option 1) does not align with the principle of maintaining an independent and objective audit function. Therefore, options 2, 3, and 4 are correct.

Discussion
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Why is no. 1 included?

8aaab27Option: B

No1 is not part of auditing resources