Question

Which of the following statement(s) is true about the cae.

[1] the cae is responsible for ensuring that each internal auditor and the iaa collectively have the necessary proficiencies to perform the engagements.
[2] the cae determines the appropriate levels of education and experience required for an internal audit position.
[3] the cae may develop a strategy for recruiting, assigning, training, and developing staff in order to establish a proficient internal audit activity and ensure that its competencies remain current and sufficient.
[4] if the cae determines that the needed skills and competencies do not exist within the iaa, they must go outside the iaa to get them.

Answer 1

The CAE is responsible for ensuring the proficiencies of internal auditors, determining educational requirements, and developing strategies for a proficient internal audit activity.

Step-by-step explanation:

The correct statement(s) about the Chief Audit Executive (CAE) in an organization are:

1. The CAE is responsible for ensuring that each internal auditor and the Internal Audit Activity (IAA) collectively have the necessary proficiencies to perform the engagements.
2. The CAE determines the appropriate levels of education and experience required for an internal audit position.
3. The CAE may develop a strategy for recruiting, assigning, training, and developing staff in order to establish a proficient internal audit activity and ensure that its competencies remain current and sufficient.

If the CAE determines that the needed skills and competencies do not exist within the IAA, they may choose to seek them from outside the IAA.