Which of the following would the chief audit executive be required to disclose in the communication of quality assessment results to senior management and the board?
A.
The cost and frequency of both internal and external assessments.
B.
Any assumptions made by the assessment team
C.
A potential conflict of interest of the assessment team.
D.
The assessment team’s execution plan of relevant procedures.
The chief audit executive is required to disclose any potential conflicts of interest of the assessment team in the communication of quality assessment results to senior management and the board. This disclosure is crucial to maintain the credibility and integrity of the quality assessment process, ensuring that the results are viewed as objective and reliable.
IIA Standard on Quality Assurance and Improvement Program
Contribute your Thoughts:
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit