IIA Exam IIA-CIA-Part1 Topic 8 Question 68 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam

Question #: 68
Topic #: 8

[All IIA-CIA-Part1 Questions]

The level of authority for the internal audit activity is granted by which of the following?

AThe chief audit executive.

BThe internal audit charter.

CThe International Professional Practices Framework.

DThe IIA's Code of Ethics.

Show Suggested Answer

Suggested Answer: B

The internal audit charter formally grants the internal audit activity its authority, as per IIA standards. It outlines the audit function's scope, responsibilities, and independence within the organization.

by Roselle at Jan 12, 2025, 04:27 AM

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Carylon

1 days ago

B is the way to go. The internal audit charter is the foundation for the whole operation. It's like the constitution for internal auditors.

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Estrella

11 days ago

The internal audit charter definitely grants the level of authority, not the chief audit executive. Gotta read the fine print, you know?

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