According to IIA guidance, which of the following actions by the chief audit executive would best ensure that internal auditors demonstrate due professional care?
A.
Developing policies and procedures for the internal audit activity
B.
Ensuring the internal audit activity is not found fallible during audit engagements.
C.
Undertaking all engagements that management requests of the internal audit activity.
D.
Ensuring the internal audit activity reports functionally to the board of directors
Professional Care: Ensuring that internal auditors demonstrate due professional care involves establishing clear policies and procedures that guide their activities.
Guidance and Standards: These policies and procedures help ensure that the internal audit activity adheres to professional standards and best practices.
Standard Compliance: According to the IIA’s Performance Standard 2040 – Policies and Procedures, the CAE must establish policies and procedures to guide the internal audit activity.
Quality Assurance: Properly developed policies and procedures contribute to the overall quality and effectiveness of the internal audit activity, ensuring that engagements are conducted with due professional care.
[References:, IIA Standard 2040 – Policies and Procedures ., , , ]
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