What does CAE stand for? The term CAE stands for Chief Audit Executive. What is a Chief Audit Executive (CAE)? According to the Institute of Internal Auditors, a chief audit executive is someone with professional certifications and qualifications who manages internal audit activity in a way that reflects the contents of the International
Professional Practices Framework. It is important to note that a chief audit executive is not only characterized by their education, qualifications, and certifications. They are distinguished by their character and skill set. A chief audit executive is someone with a great moral mentality and a strong objective viewpoint. For any internal audit activity to be successful, it is important that the chief audit executive have these traits. In addition, a chief audit executive must possess a certain
skill set in order to adequately manage internal audit activity. Such skills include the following:
What does a Chief Audit Executive (CAE) do? There are many jobs that a chief audit executive must perform, and it often varies from organization to organization. While some organizations prefer to share a business relationship with the chief audit executive, other organizations simply prefer the chief audit executive to act as a watchdog. To broadly cover the job description, it would be best to say that the chief audit executive is responsible for managing the internal audit activity of an organization. In other words, they are responsible for the execution of internal audit activity. How exactly do chief audit executives do that? Well, there are a number of ways. According to the Institute of Internal Auditors, some of these ways include:
As you can see, a chief audit executive is responsible for many tasks. The main takeaway is chief audit executives will review, manage, and execute internal audit activity for organizations in a way that is compliant with the International Professional Practices Framework. MedTrainer is an all-in-one healthcare compliance software solution for Learning, Credentialing, Compliance, and much more. Package together your perfect custom solution. Visit the MedTrainer Compliance Corner to learn more about how MedTrainer makes healthcare regulation compliance easy.
About the profession frequently asked questions
Navigate to... Select a page
About The ProfessionLearn about IIA programs and partners.We are continually searching for innovative products and services to enhance our members' ability to meet their rising stakeholder demands. Which of the following are responsibilities of the chief audit executive?oversees the reports to the Audit Committee and senior management which address key business risks and control issues within the Company. operational performance of the business; act as an early warning system for business and financial risks; supports business ethics and integrity initiatives.
What is the responsibility of CAE?Chief audit executive describes the role of a person in a senior position responsible for effectively managing the internal audit activity in accordance with the internal audit charter and the mandatory elements of the International Professional Practices Framework.
What is the role of audit executive?He/She ensures that the internal audit goals and objectives are aligned with strategic goals of the organisation. He/She is responsible for establishing and reviewing the internal audit plan, ensuring that internal audit goals and objectives are being met.
What does CAE mean in audit?Image. The Center for Audit Excellence (CAE) offers training, technical assistance, and other products and services to audit organizations to build capacity and foster effective accountability.
|