The chief audit executive (CAE) of a large public company with an internal audit department MAINLY reports to the audit committee.

Here's why:

The CAE is primarily responsible for reporting to the audit committee, which is a subcommittee of the board of directors. The audit committee is responsible for overseeing the company's internal control systems, financial reporting processes, and audit functions. This includes the work of the internal audit department.

While the CAE may also have reporting lines to the CEO or other senior management, the primary reporting line should be to the audit committee to ensure independence and objectivity. This structure helps to ensure that the internal audit function is not unduly influenced by management and can effectively carry out its role in providing assurance on the company's risk management, governance, and internal control processes.

Therefore, the correct answer is b. audit committee.

Question

The chief audit executive (CAE) of a large public company with an internal audit department MAINLY reports to the audit committee.

Here's why:

The CAE is primarily responsible for reporting to the audit committee, which is a subcommittee of the board of directors. The audit committee is responsible for overseeing the company's internal control systems, financial reporting processes, and audit functions. This includes the work of the internal audit department.

While the CAE may also have reporting lines to the CEO or other senior management, the primary reporting line should be to the audit committee to ensure independence and objectivity. This structure helps to ensure that the internal audit function is not unduly influenced by management and can effectively carry out its role in providing assurance on the company's risk management, governance, and internal control processes.

Therefore, the correct answer is b. audit committee.

Knowee AI · Accepted Answer

The chief audit executive (CAE) of a large public company with an internal audit department MAINLY reports to the audit committee.

Here's why:

The CAE is primarily responsible for reporting to the audit committee, which is a subcommittee of the board of directors. The audit committee is responsible for overseeing the company's internal control systems, financial reporting processes, and audit functions. This includes the work of the internal audit department.

While the CAE may also have reporting lines to the CEO or other senior management, the primary reporting line should be to the audit committee to ensure independence and objectivity. This structure helps to ensure that the internal audit function is not unduly influenced by management and can effectively carry out its role in providing assurance on the company's risk management, governance, and internal control processes.

Therefore, the correct answer is b. audit committee.

Time left 1:24:53Question 1Answer savedMarked out of 1.00Flag questionTipsQuestion textThe chief audit executive (CAE) of a large public company with an internal audit department MAINLY reports to the ______.a.shareholdersb.audit committeec.external auditord.board of director

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