the cae reviews the status of the o

the cae reviews the status of the overall internal auditing plan with the auditing commitee five times a year, on average. the success of the IAD is primarily measured against the criteria of whether the internal auditors are adding value to the schwan food company. for example, are the major internal audit project being completed? is the IAD receiving requests from the business units for the other projects? the CAE budgets approximately 80 percent of the internal audit staff time for projects identified through the risk assessment process, leaving 20 percent of their time open for