Certified Internal Auditor (CIA) Part 3: Business Knowledge for Internal Auditing — Question 26

A chief audit executive (CAE) was asked to participate in the selection of an external auditor. Which of the following would not be a typical responsibility for the
CAE?

Answer options

• A. Evaluate the proposed external auditor fee.
• B. Recommend criteria to be used in the selection process.
• C. Develop appropriate performance metrics.
• D. Monitor the work of the external auditors.

Correct answer: C

Explanation

The correct answer is C because developing performance metrics is generally not a direct task for the CAE during the selection of an external auditor. The CAE typically focuses on evaluating fees, recommending selection criteria, and monitoring the auditors' work.