Start learning →

Which of these shows functional reporting of the CAE to the board?

ABoard approves the audit charter
BCEO approves the audit findings
CManager picks the audit staff
DVendors review the audit plan
Answer & Solution
Correct answer: A. Board approves the audit charter
Board approval of the charter, risk-based plan and budget are examples of functional reporting to the board.
Practise this question with Quill — CA Final →

Keep practising Internal Audit

Browse all Internal Audit questions for CA Final, or explore more Auditing topics.

Start a Internal Audit lesson →
Related questions