To achieve conformance with the Global Internal Audit Standards, the chief audit executive must include which of the following activities in the quality assurance and improvement program (QAIP)?
A.
Require board oversight of the QAIP
B.
Assess Standards conformance for each individual assurance engagement
C.
Conduct a self-assessment at least once every five years
The CAE must communicate the results of the QAIP to the board and senior management. This includes results from ongoing monitoring, periodic self-assessments, and external assessments.
Option A (board oversight) is part of governance but not a QAIP requirement. Option B is incorrect because conformance is assessed for the activity overall, not per engagement. Option C is incorrect because self-assessments are ongoing, while external assessments are required at least once every five years.
Thus, the essential QAIP requirement for conformance is reporting results to the board (Option D).
[Reference:, IIA Standards – Standard 1320: Reporting on the Quality Assurance and Improvement Program., , ]
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