In which of the following ways can a chief audit executive demonstrate to the board that the internal audit activity collectively possesses all of the skills needed to complete its annual goals?
A.
Involve board members in hiring activities and request advice.
B.
Require all internal audit staff to complete the same training course on a general audit subject,
C.
Require senior auditors to obtain a professional certification.
D.
Provide a competency assessment of the internal audit staff.
The most effective way a chief audit executive (CAE) can demonstrate to the board that the internal audit team has the necessary skills to achieve its annual goals is through a competency assessment. This assessment measures and documents the collective skills and knowledge within the internal audit activity, ensuring they align with the requirements of the audit plan and the organization ' s objectives. Competency assessments can identify gaps and provide a basis for training and development, making it an essential tool for demonstrating capability.
The Institute of Internal Auditors (IIA) - International Professional Practices Framework (IPPF)
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