Independence of the internal audit function is obtained by giving the Chief Audit Executive (CAE) unrestricted access to the board and senior management.

Question

Quizplus · Accepted Answer

Independence of the internal audit function is crucial for maintaining objectivity and credibility. Unrestricted access to the board and senior management allows the CAE to report findings and recommendations without fear of reprisal or retaliation, which is essential for maintaining the integrity and effectiveness of the audit function. Therefore, giving the CAE unrestricted access to the board and senior management is a key factor in ensuring the independence of the internal audit function.

Independence of the Internal Audit Function Is Obtained by Giving