The chief audit executive (CAE) of a new organization is in the process of determining the manner in which audit reports will be distributed and to whom.
According to the Standards, which of the following is the most appropriate course of action for the CAE to take to develop this distribution process?
The chief audit executive (CAE) should meet with senior management for their input but finalize the distribution of all reports with the board. This approach ensures that while the CAE gathers necessary input from senior management to understand operational concerns and needs, the ultimate responsibility and approval for the distribution process lie with the board. This alignment with governance structures underscores the CAE's responsibility to maintain independence and objectivity, which are critical to the integrity of the audit function.
B: CAE should finalize the distribution of all reports with the board.... is this true? It seems against Interpretation Standard 2440
I do agree; I would have opted for C
Why not D when CIA request SM and the Board to meet and discuss the best reporting distribution option? B is strange for me and should not be a right option. Can someone explain?
i opted C - The chief audit executive or designee reviews and approves the final engagement communication before issuance and decides to whom and how it will be disseminated
i opted for C
My answer is C as well.