Question

The most important reason for the chief audit executive to ensure that the internal audit department has adequate and sufficient resources is to _________.

Answer 1

The most important reason for the chief audit executive to ensure that the internal audit department has adequate and sufficient resources is to enhance the effectiveness and efficiency of the internal audit function.

Step-by-step explanation:

The most important reason for the chief audit executive to ensure that the internal audit department has adequate and sufficient resources is to enhance the effectiveness and efficiency of the internal audit function. With adequate resources, the internal audit department can conduct thorough and comprehensive audits, identify and address risks and weaknesses in internal controls, and provide meaningful recommendations for improvement. This helps in maintaining the integrity of financial statements, safeguarding assets, and ensuring compliance with laws and regulations.