According to MA guidance, which of the following best describes how often the chief audit executive should review the quality assurance and improvement program of the internal audit activity?
A.
Whenever the business objectives of the organization change
B.
Just prior to an external assessment of the internal audit activity
According to IIA guidance, the chief audit executive should review the quality assurance and improvement program of the internal audit activity progressively on a day-to-day basis. This continual review ensures that the internal audit activity remains effective and aligned with the organization’s objectives and adheres to professional standards, thereby maintaining and enhancing the value provided by the audit function.
IIA standards related to the quality assurance and improvement program, which advocate for ongoing monitoring to ensure the effectiveness of the internal audit activity.
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