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 is required to review, approve, and sign every engagement report.
- The CAE is required to review, approve, and sign all regulatory compliance engagement reports only
- The CAE may delegate responsibility for reviewing, approving and signing engagement reports, but should review the reports after they are issued.
- The internal audit charter must identify authorized signers of engagement reports.
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