Which of the following statements depicts a valid role of the internal audit function in ensuring the effectiveness of management action plans?
A.
Internal audit should not be involved in the design, implementation, or monitoring of management action plans in order to maintain independence and objectivity
B.
Internal audit supports the board in the design, implementation, and monitoring of effective management action plans
C.
Internal audit collaborates with management to evaluate whether the management action plans remediate audit observations effectively
D.
Internal audit designs the action plans and ensures that management implements them effectively
Internal audit maintains independence by avoiding the design or implementation of management’s corrective actions. However, the internal audit function has a valid role in evaluating and monitoring whether management’s action plans effectively address audit observations. This ensures risks are mitigated while internal audit retains its assurance role.
Option A is too restrictive; while internal audit does not design or implement action plans, it does monitor and evaluate them. Options B and D inappropriately place responsibility for action plan design and monitoring with internal audit, which would compromise independence.
[Reference:, IIA Standards – Standard 2500: Monitoring Progress., ]
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