According to IIA guidance, which of the following components must be included in the annual report to the board on the quality assurance and improvement program?
A.
Results from the assessment and the current status of resulting action plans.
B.
Disclosure of nonconformance that impacts the overall operation of the internal audit activity.
C.
Audit clients' feedback and recommendations for quality improvement.
D.
A statement of compliance with the Code of Ethics, Standards, and Definition of Internal Auditing.
According to IIA Standard 1320: Reporting on the Quality Assurance and Improvement Program (QAIP):
The CAE must report annually to senior management and the board on the QAIP.
This report should include:
-The results of internal and external assessments.
-Disclosure of any nonconformance with the IIA's Code of Ethics, Standards, or Definition of Internal Auditing, specifically when it impacts the overall operation of the internal audit activity.
Nonconformance that affects the internal audit activity's ability to fulfill its responsibilities must be transparently reported to uphold accountability and integrity.
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Kozy
1 week agoElvoo
10 months, 2 weeks ago