Which of the following is the most appropriate reason for a chief audit executive to conduct an external assessment more frequently than five years?
A.
Significant changes in the organization ' s accounting policies or procedures would warrant timely analysis and feedback.
B.
More frequent external assessments can serve as an equivalent substitute for internal assessments.
C.
The parent organization ' s internal audit activity agreed to perform biennial reciprocal external assessments to provide greater assurance at a reduced cost.
D.
A change in senior management or internal audit leadership may change expectations and commitment to conformance.
According to the IIA ' s guidance on external assessments (Standard 1312), a chief audit executive should consider conducting an external quality assessment more frequently than the mandated five years in situations such as significant changes in management or internal audit leadership. These changes can impact the expectations and requirements for the internal audit function, thus justifying the need for more frequent reviews to ensure alignment and adherence to standards.
IIA Standard 1312 - External Assessments
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