An organization's finance manager plans to implement a state-of-the-art management system to better manage the organization's receivables. The finance manager consulted the chief audit executive (CAE) and asked for her assistance in determining whether the organization is able to accommodate this system. How would the CAE proceed to determine the objectives of this engagement?
The chief audit executive (CAE) should engage in a discussion with the finance manager and work together to agree on the engagement objectives. This collaborative approach ensures that the objectives are aligned with the finance manager's needs and the organization's requirements for the new management system. Asking the CEO or the board to determine the objectives would not be appropriate as they might not have the detailed operational insights required. Reviewing previous audit reports alone would not be sufficient to address the specific concerns of the new system implementation.
C is the logical answer