Certified Internal Auditor (CIA) Part 3: Business Knowledge for Internal Auditing — Question 159

When an organization is choosing a new external auditor, which of the following is the most appropriate role for the chief audit executive to undertake?

Answer options

• A. Review and acquire the external audit service.
• B. Assess the appraisal and actuarial services.
• C. Determine the selection criteria.
• D. Identify regulatory requirements to be considered.

Correct answer: C

Explanation

The chief audit executive should establish the selection criteria, as this is crucial for ensuring the chosen external auditor meets the organization’s needs. While reviewing audit services, assessing actuarial services, and identifying regulatory requirements are important, they are not the primary responsibility of the chief audit executive in this context.