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Question 132 - IIA-CIA-Part2 discussion

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The chief audit executive can illustrate the value of the internal audit activity by reporting which of the following to the board?

A.
The overall performance resulting from the internal audit balanced scorecard
Answers
A.
The overall performance resulting from the internal audit balanced scorecard
B.
The number of outstanding and overdue management actions
Answers
B.
The number of outstanding and overdue management actions
C.
The experience of the organization's internal auditors
Answers
C.
The experience of the organization's internal auditors
D.
The number of audits in the annual audit plan relative to similar organizations
Answers
D.
The number of audits in the annual audit plan relative to similar organizations
Suggested answer: A

Explanation:

The chief audit executive (CAE) can best illustrate the value of the internal audit activity by reporting the overall performance resulting from the internal audit balanced scorecard. The balanced scorecard includes metrics that measure the effectiveness, efficiency, and impact of the internal audit function, providing a comprehensive view of its contributions to the organization. This approach demonstrates how internal audit activities align with and support the organization's strategic objectives.

Reference:

The IIA's Practice Guide on Measuring Internal Audit Performance.

The IIA's Practice Guide on Internal Audit Effectiveness.

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asked 18/09/2024
Maxime SELLY
43 questions
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