Which of the following best demonstrates the authority of the internal audit activity?
A.
Suggesting alternatives to decision makers.
B.
Improving the integrity of information.
C.
Determining the scope of internal audit services
D.
Achieving engagement objectives.
The Answer Is:
C
This question includes an explanation.
Explanation:
The authority of the internal audit activity is best demonstrated through its ability to determine the scope of internal audit services. This authority, granted by the board and senior management, ensures that internal auditors have the freedom to assess and address risks appropriately across the organization without undue influence, reflecting a key element of internal audit's role in organizational governance.
IIA Standard 1110 - Organizational Independence, which emphasizes the authority of the internal audit activity to define its own scope as a critical aspect of its independence and authority.
IIA-CIA-Part1 PDF/Engine
Printable Format
Value of Money
100% Pass Assurance
Verified Answers
Researched by Industry Experts
Based on Real Exams Scenarios
100% Real Questions
Get 60% Discount on All Products,
Use Coupon: "8w52ceb345"