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According to IIA guidance, which of the following accurately describes the responsibilities of the chief audit executive with respect to the final audit report? 1. Coordinate post-engagement conferences to discuss the final audit report with management. 2. Include management's responses in the final audit report. 3. Review and approve the final audit report. 4. Determine who will receive the final audit report.
Correct Answer: D
According to IIA guidance, the chief audit executive (CAE) is responsible for reviewing and approving the final audit report and determining who will receive it. The CAE ensures that the report is complete, accurate, and disseminated to appropriate parties. Including management's responses in the final report and coordinating post-engagement conferences with management, while important, are not the CAE's primary responsibilities. Reference: IIA Standards: 2440 - Disseminating Results IIA Practice Guide: Communicating Results to Management and the Board