The Chief Audit Executive (CAE) of a Small Internal Audit

Multiple Choice

The chief audit executive (CAE) of a small internal audit activity (IAA) performs all high-risk engagements on the annual audit plan to make use of his knowledge and experience and to maximize the efficient use of audit resources. Which of the following statements is most relevant regarding this practice?

A) The CAE's work may be reviewed by any other experienced staff member within the IAA.
B) The CAE's work should be reviewed by an individual with the appropriate background and knowledge.
C) The CAE may self-review his work, provided he discloses this practice in the final report.
D) The CAE should avoid performing engagements to ensure he is able to review all audit work objectively.