A chief audit executive (CAE) is determining which engagements to include on the annual audit plan. She would like to consider the organization's attitude toward risk and the degree of difficulty in achieving objectives. Which of the following resources should the CAE consult?

Question

Quizplus · Accepted Answer

The strategic plan outlines the organization's objectives and risk appetite, which helps the CAE understand the organization's attitude toward risk and the challenges in achieving objectives.

A Chief Audit Executive (CAE) Is Determining Which Engagements to Include