Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 133

The chief audit executive (CAE) for a manufacturing company included in this year's audit plan a review of the company's laboratory, using an experienced external service provider. The audit plan was approved by the audit committee without any changes. At the time of engaging the external service provider, the CAE also secured the approval from the CEO. Who is responsible for ensuring that the conclusions reached for this exercise are adequately supported?

Answer options

• A. Audit committee.
• B. СEO.
• C. CAE.
• D. External service provider.

Correct answer: C

Explanation

The CAE is responsible for ensuring that the conclusions drawn from the audit are well-supported, as they oversee the audit process and the quality of the work performed. While the audit committee and CEO play important roles in governance and approval, the CAE is specifically tasked with managing the audit's execution and outcome. The external service provider assists in the audit but is not accountable for the overall conclusions drawn from the findings.