In addition to the internal auditor, which of the following parties should be present at an exit or closing conference?
1. Audit committee members.
2. The external auditor.
3. The management responsible for the areas covered by the engagement.
4. The chief executive officer.
The management responsible for the areas covered by the engagement should be present at an exit or closing conference. They are involved in the areas being audited and can discuss the findings and recommendations effectively. The other parties, such as the audit committee members, external auditor, and chief executive officer, are not required to be present at this specific meeting.
Why not C can someone explain?
Does not matter. CEO is not required. I read it in the wrong way as CAE.