Which of the Following Are Appropriate Responsibilities of the Audit

Multiple Choice

Which of the following are appropriate responsibilities of the audit committee in relation to the chief audit executive (CAE) ? 1. Approving the internal audit charter. 2. Approving decisions regarding the appointment and removal of the CAE. 3. Approving the risk management strategy for the organization. 4. Making appropriate inquiries of management and the CAE to determine whether there are inappropriate scope and resource limitations.

A) 1 and 2 only
B) 1, 2, and 3 only
C) 1, 2, and 4 only
D) 2, 3, and 4 only