Which of the following statements is true regarding the communication and approval of the internal audit plan?
A.
After communicating the internal audit plan to the board, the chief audit executive (CAE) determines the resources needed to implement it.
B.
The CAE and the board agree in advance on the criteria that would determine whether changes to the internal audit plan need to be discussed with the board.
C.
After communicating the internal audit plan to the board, the CAE should present it to senior management.
D.
The internal audit plan should be presented to the board during a meeting without senior management present.
Not C Senior management is usually involved in the planning process prior to the plan being finalized and presented to the board.
It is important for the Chief Audit Executive (CAE) and the board to agree on criteria for determining when changes to the internal audit plan need to be communicated to the board. This ensures clarity on how and when significant adjustments to the plan should be reviewed and approved by the board.
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emtofid
11 months, 1 week ago