Internal audit will typically adopt a medium timeline for strategic planning purposes allowing the Chief Audit Executive (CAE) to balance assurance needs and resources within a defined budget envelope to provide reasonable assurance to audit committee and senior management. Short term or specific skills gaps can be bridged through recruitment, training or co-sourcing. REQUIRED: Evaluate the importance of training and development particularly on technological advancement that could help to increase the quality and the success of Internal Audit in the future
Internal audit will typically adopt a medium timeline for strategic planning purposes allowing the Chief Audit Executive (CAE) to balance assurance needs and resources within a defined budget envelope to provide reasonable assurance to audit committee and senior management. Short term or specific skills gaps can be bridged through recruitment, training or co-sourcing. REQUIRED: Evaluate the importance of training and development particularly on technological advancement that could help to increase the quality and the success of Internal Audit in the future
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Internal audit will typically adopt a medium timeline for strategic planning purposes allowing the Chief Audit Executive (CAE) to balance assurance needs and resources within a defined budget envelope to provide reasonable assurance to audit committee and senior management. Short term or specific skills gaps can be bridged through recruitment, training or co-sourcing.
REQUIRED:
- Evaluate the importance of training and development particularly on technological advancement that could help to increase the quality and the success of Internal Audit in the future
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