The chief audit executive (CAE) has been asked to manage the regulatory compliance function for the organization's retail store operations. Store operations are included in the annual audit plan.
Which of the following strategies best fulfills the requirements of the Standards regarding these audits?
When the chief audit executive (CAE) is asked to manage a regulatory compliance function, this could create a potential conflict of interest if they are also responsible for auditing that function. To maintain objectivity and avoid potential bias, it is best practice for such audits to be performed by an external service provider. This ensures that the audit is independent and free from any conflicts of interest, thereby fulfilling the requirements of the Standards.
should be D?