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An engagement supervisor notes that an internal auditor usually documents and submits draft audit reports for review without giving the process owners the opportunity to state their position on the issues raised. How should the engagement supervisor respond?
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Question 393 - IIA-CIA-Part1 discussion

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According to MA guidance, which of the following is the most accurate statement regarding the internal audit charter?

A.
The IIA's Code of Ethics must exist outside of the charter to maintain independence.
Answers
A.
The IIA's Code of Ethics must exist outside of the charter to maintain independence.
B.
The charter must be approved by both senior management and the board.
Answers
B.
The charter must be approved by both senior management and the board.
C.
The nature of consulting services does not need to be defined in the Internal audit charter.
Answers
C.
The nature of consulting services does not need to be defined in the Internal audit charter.
D.
The charter provides a framework for performing a broad range of value-added audit services.
Answers
D.
The charter provides a framework for performing a broad range of value-added audit services.
Suggested answer: B
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asked 18/09/2024
Darpan Sodhi
41 questions
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