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1.Identify the key controls over the outsourced payroll process? 2.Determine whether those controls are designed adequately andoperating effectively?1.What are the advantages of positioning the CAE on a senior management level within theorganization? 2.According to the Interpretation of Standard 2000 the CAE has three specific responsibilities. Whatare they? 3.What are the differences between organizational independence and individual objectivity? 4.What are the advantages of using a top down risk based approach? 5.What key elements are taken into consideration when determining how to manage resources in aninternal audit function? 6.What topics are discussed during coordination efforts between the internal audit function and theindependent outside auditors?
What are the CAE’S responsibilities when reporting to the audit committee?