The newly appointed chief audit executive (CAE) of a large multinational corporation, with seasoned internal audit departments located around the world, is reviewing responsibilities for engagement reports. According to IIA guidance, which of the following statements is true?
The CAE may delegate responsibility for reviewing, approving and signing engagement reports, but should review the reports after they are issued. This allows for efficient operational control while ensuring that the CAE maintains oversight and accountability. This is in line with the IIA guidance, which permits delegation but emphasizes the CAE’s ultimate responsibility for the internal audit activity.
But cae she'll have read before report is issued. Responsiblity still with cae