If the internal audit activity lacks the necessary skills to perform certain audits, this represents a limitation that could impair internal audit’s ability to meet its responsibilities. The CAE must report such resource or competency limitations to the board.
Options A, B, and D (procedures, forms, or methods) may be adjusted internally, but they do not rise to the level of a significant limitation requiring board reporting. Skills gaps, however, directly impact audit coverage and effectiveness.
[Reference:, IIA Standards – Standard 2030: Resource Management; Standard 2060: Reporting to Senior Management and the Board., , ]
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