Which of the following statements is true with regard to the quality assurance and improvement...

As the head of the organization, the CEO selects and appoints the external quality assessment team to perform the OAIP reviews.

The chief audit executive determines the scope and frequency of both internal and external quality assessments based on the availability and capacity of resources in accordance with the annual internal audit plan.

Minutes of meetings held with senior management and the board to discuss the scope and frequency of internal and external assessments support the OAIP reporting requirement.

The internal audit activity needs to assess whether each engagement on the annual internal audit plan is conducted in conformance with the Standards.