Which statement accurately describes the authority of the internal audit activity as outlined in the audit charter?

Question

Marek Siwek · Accepted Answer

The internal audit team shall have full access to the organization's records, physical property, and personnel required to conduct audit engagements.

Marek Siwek · Answer

The chief audit executive (CAE) shall report directly to the board and administratively to the CEO.

Marek Siwek · Answer

The CAE shall provide senior management and the board with performance updates quarterly.

Marek Siwek · Answer

The internal audit activity shall maintain a quality assurance and improvement program in conformance with the Standards.

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