According to IIA guidance, which of the following actions is a chief audit executive required to take with regard to reporting the results of the quality assurance and improvement program?
A.
Report external assessments upon completion of such assessments
B.
Report external assessments at least annually
C.
Report ongoing monitoring quarterly
D.
Report post-engagement reviews at least once every five years
According to IIA guidance, the chief audit executive is required to report the results of the quality assurance and improvement program, including external assessments, at least annually. This ensures that the board and senior management are kept informed about the internal audit activity’s conformance with the Standards and other aspects of audit quality.
IIA ' s International Standards for the Professional Practice of Internal Auditing on Quality Assurance and Improvement.
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