To develop greater internal auditing expertise, the chief audit executive (CAE) has been assigning the same relatively inexperienced team of internal auditors to a series of engagements spanning several months. Is this practice consistent with the Standards?
A) Yes. The CAE is promoting the professional development of the staff.
B) Yes. The experience will quickly build specialized skills and competencies.
C) No. The team should collectively possess the competencies appropriate for the engagements.
D) No. Teams should be comprised of both experienced and inexperienced auditors.

Question

Quizplus · Accepted Answer

The Standards require that the internal audit activity collectively possess or obtain the knowledge, skills, and other competencies needed to perform its responsibilities. Assigning only inexperienced auditors does not ensure the team has the appropriate competencies for the engagements.

To Develop Greater Internal Auditing Expertise, the Chief Audit Executive