According to IIA guidance, which of the following statements regarding the internal audit charter is true?

Question

Kyle Norton · Accepted Answer

The charter typically defines the internal audit activity's position within the organization.

Kyle Norton · Answer

The nature of consulting services typically is not included in the charter.

Kyle Norton · Answer

The chief audit executive must formally review the charter at least once a year

Kyle Norton · Answer

The nature of assurances provided to parties outside of the organization typically is not included in the charter.

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