The organization’s internal audit charter was last updated six years ago to update the charter, which of the following actions is most appropriate for the chief audit executive to take?
A.
Wait for the next external assessment and address all of the missing information in the charter based on the recommendations from the external assessment team
B.
Perform a review of HA guidance to become acquainted with the latest mandatory elements prior to updating the charter
C.
Use an internal audit charter template from another organization that operates within the same industry.
D.
Identify an individual within the internal audit activity who has in-depth knowledge of mandatory IIA guidance elements to address any gaps or areas of the current version of the charter that could be improved
The chief audit executive should review the latest guidance from the Institute of Internal Auditors (IIA) to ensure the internal audit charter complies with current standards. This approach ensures the charter reflects up-to-date practices and mandatory elements, maintaining the integrity and effectiveness of the internal audit function.
[References:, "International Standards for the Professional Practice of Internal Auditing," which provides mandatory guidance on the internal audit charter., , , ]
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