An organization recently acquired a subsidiary in a new industry, and management asked the chief...

The CAE should accept the engagement and ensure that an explanation of the expertise limitations is included in the final audit report.

The CAE should ask management to hire an external expert who is familiar with the industry to perform an independent audit for management

The CAE should accept the engagement and hire an external expert to assist the audit team with the audit of the subsidiary

The CAE should recommend postponing the engagement until the internal audit team is able to develop sufficient knowledge of the new industry