Question 5: (5 marks) As per the internal audit charter of XYZ Company, the Chief Audit Executive (CAE) must communicate the board of director (BOD) for many purposes: 1. Explain why the dependency of the internal auditing department should be directly to the BOD? 2. State 5 items that should the CAE communicates to the BOD? 3. How the CAE adds value to the BOD