Why is it important for the chief audit executive to periodically review the audit charter and present the results to senior management and the board?
Because management requires the review to measure effectiveness of the internal audit activity.
So that the individual objectivity of the internal audit staff can be more clearly established.
So that there is assurance of the internal audit staff's proficiency to complete audit activities.
Because changes in the organization may impair the internal audit activity's ability to meet its objectives.
Submit