The Chief Audit Executive (CAE) Has Been Asked to Manage

Multiple Choice

The chief audit executive (CAE) has been asked to manage the regulatory compliance function for the organization's retail store operations. Store operations are included in the annual audit plan. Which of the following strategies best fulfills the requirements of the Standards regarding these audits?

A) The scope of store operations audits should exclude compliance.
B) Store operations audits can be fully executed with appropriate disclosure to the board.
C) Store operations audits should be performed by an external service provider.
D) A store operations compliance audit should be performed by a staff internal auditor under the direction of the CAE.