Which of the following is an appropriate responsibility of the board?
a. Performing a review of the procurement function of the organization.
b. Recommending the assignment of specific internal audit staff members for specific engagements.
c. Performing the internal review of the internal audit function's quality assurance and improvement program.
d. Reviewing the CAE-supplied internal audit function's engagement work plan.
e. Reviewing the engagement records of the external auditor to determine their competence.
Ans: d. Reviewing the CAE-supplied internal audit function's engagement work plan.
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A) a firm and its suppliers and distributors B) firms targeting the same market C) individual firms in an industry D) related industries E) blocs of countries
Agents can compete with the principal during the course of the agency if the principal agrees
Indicate whether the statement is true or false