QUESTION 2 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...

QUESTION 2

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