Question

A chief audit executive has reviewed credentials,

checked references, and interviewed a candidate for
a staff position. The CAE concludes that the
candidate has a thorough understanding of internal
auditing techniques, accounting, and finance.
However, the candidate has limited knowledge of
economics and information technology. Which action
is most appropriate?
A. Reject the candidate because of the lack of
knowledge required by the Standards.
B. Offer the candidate a position despite lack of
knowledge in certain essential areas.
C. Encourage the candidate to obtain additional
training in economics and information
technology and then reapply.
D. Offer the candidate a position if other staff
members possess sufficient knowledge in
economics and information tec.hnology.

Answer 1

The CAE should consider offering the candidate a position if other staff members have sufficient knowledge in economics and information technology, as team balance is key. The candidate's strengths could complement the existing team, and they could receive further training in weaker areas.

Step-by-step explanation:

When a chief audit executive (CAE) evaluates a candidate for a staff position, they must weigh the applicant's knowledge against the requirements of the role and the team's existing strengths. In this scenario, the CAE notes that the candidate exhibits a solid understanding of internal auditing techniques, accounting, and finance, yet shows limited knowledge of economics and information technology.

Given the circumstances, the most appropriate action would be to offer the candidate a position contingent upon the collective competencies of the current team. If other staff members possess sufficient knowledge in economics and information technology to fill the gaps in the team's collective expertise, option (D) becomes a viable choice.

It is crucial for organizations to balance the skills within a team to ensure comprehensive coverage of the necessary areas. Moreover, the candidate's aptitude in core areas indicates a foundation upon which further training could develop the required knowledge in weaker subjects. The CAE might encourage the candidate to pursue additional training in the deficient areas, which could be facilitated once the candidate has joined the organization.