IIA-Australia Factsheet - Chief Audit Executive

IIA-Australia Factsheet - Chief Audit Executive

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Author

IIA-Australia

Date

 2022

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

This Factsheet discusses the role and functions of the Chief Audit Executive (head of internal audit).

Key Points

    1. The CAE need not be a specialist internal auditor, but they must have direct access to resources who are.
    2. An organisation must appoint an internal officer of sufficient status to provide strategic guidance to the internal audit function.
    3. The CAE has a number of responsibilities under the Standards that are internal to the organisation.

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Relevant Industries

All

Level of Assumed Knowledge

Beginner