Which of the following is true regarding reporting on the quality assurance and improvement program (QAIP)?
A.
The results of ongoing monitoring must be communicated annually to the board and other appropriate stakeholders
B.
The results of any periodic self-assessment and level of conformance with the Global Internal Audit Standards must be reported to the board before completion
C.
The results of any external assessments and level of conformance with the Standards must be reported to the board before completion
D.
The QAIP and the resulting action plan must be made available to external assessors
The CAE must communicate the results of the QAIP, including both ongoing monitoring and periodic assessments, to the board and senior management. Specifically, results of ongoing monitoring must be reported annually, ensuring the board remains informed about the internal audit activity’s quality and conformance.
Options B and C are incorrect because results are reported after completion, not before. Option D is useful for external assessors but not a reporting requirement.
[Reference:, IIA Standards – Standard 1320: Reporting on the Quality Assurance and Improvement Program., ]
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