An internal audit activity maintains a quality assurance and improvement program that includes annual self-assessments The internal audit activity includes in each engagement report a clause that the engagement is conducted in conformance with the International Standards for the Professional Practice of Internal Auditing ( Standards) Which of the following justifies inclusion of this clause in the reports?

Question

ME BOX · Accepted Answer

The self-assessment results were validated by a qualified external review team three years prior

ME BOX · Answer

Internal audit activity policies and engagement records provide relevant, sufficient, and competent evidence that the statement is correct

ME BOX · Answer

The audit committee has reviewed the annual self-assessment results and approved the use of the clause

ME BOX · Answer

The internal audit charter, approved by the audit committee requires conformance with the Standards

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Question 221 - IIA-CIA-Part1 discussion

Suggested answer: C

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