Question
The Chief Audit Executive (CAE) at Robertson Sandwich Limited (RSL) reports administratively to the Chief Financial Officer (CFO) and functionally to the Audit Committee of
The Chief Audit Executive (CAE) at Robertson Sandwich Limited (RSL) reports administratively to the Chief Financial Officer (CFO) and functionally to the Audit Committee of RSLs Board of Directors. The scope of work that the CAE oversees includes all four COSO categories. Examples of work that the CFO would oversee that the CAE should not be directly involved with would be situations where the audit staff are performing the actual accounting function for the organization. Making the accounting entries should be the responsibility of accounting. In doing this work, the internal auditors objectivity would be considered impaired. True or False?
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