According to IIA guidance, which of the following best demonstrates that the chief audit executive is properly reporting the results of the quality assurance and improvement program to senior management and the board?
A.
Providing a written conformance statement to both senior management and the board.
B.
Giving copies of both external and internal assessments to the board.
C.
Keeping files of reports of ongoing external assessment monitoring.
D.
Retaining copies of board meeting minutes showing that discussions of assessments took place.
Standard 1320 — Reporting on the Quality Assurance and Improvement Program:
The chief audit executive (CAE) must communicate the results of the quality assurance and improvement program (QAIP) to senior management and the board.
This communication must include:
The results of internal and external assessments.
The degree of conformance with the Standards.
And, if applicable, improvement actions.
The most formal and complete method to demonstrate this communication is through a written conformance statement, especially for external stakeholders like the board.
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Kozy
4 weeks, 1 day ago