An organization established 20 years ago has had its internal audit activity in place for the last three years. Which of the following would allow the internal audit activity to accurately state that it is in conformance with the Standards'?
A.
Documented assessment was performed by the audit committee and confirmed conformance.
B.
Internal and external assessments are performed annually, and nonconformance results are reported to the board.
C.
The independent and objective judgement of the chief audit executive confirmed conformance with the Standards.
D.
Documented internal assessments are performed periodically and confirm conformance.
To state that it is in conformance with the Standards, the internal audit activity must conduct periodic internal assessments and document the results. These assessments ensure that the internal audit activity continuously aligns with the IIA Standards, and any nonconformance issues are identified and addressed. References:
IIA's International Standards for the Professional Practice of Internal Auditing (Standards).
IIA Practice Guide on Quality Assurance and Improvement Program.
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