With regard to the internal audit activity's quality assurance and improvement program, which of the following topics would the chief audit executive include on the quarterly board meeting agenda?
A.
The scope and frequency of both internal and external quality assessments.
B.
The list of audit engagements that will be assessed during the year.
C.
The number and qualifications of internal audit staff members assigned to perform internal assessments during the year.
D.
The compensation structure of the qualified assessment team.
The chief audit executive (CAE) would include the scope and frequency of both internal and external quality assessments on the quarterly board meeting agenda as part of the internal audit activity's quality assurance and improvement program. This topic is essential for ensuring the board is informed about the mechanisms in place to maintain and enhance the quality of the internal audit function. Regular updates on quality assessments help the board understand the effectiveness of the internal audit activity and its commitment to continuous improvement.
The IIA’s International Standards for the Professional Practice of Internal Auditing (Standards) - Standard 1311: Internal Assessments and Standard 1312: External Assessments.
The IIA’s Quality Assessment Manual.
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