With regard to external assessments of an internal audit activity (IAA), which of the following is the chief audit executive required to discuss with the board?
With regard to external assessments of an internal audit activity (IAA), which of the following is the chief audit executive required to discuss with the board?
The chief audit executive is required to discuss external reviewer conflicts of interest and the timeline of the external assessment with the board. This ensures the integrity of the assessment process and keeps the board informed of when the assessment will occur. Both areas are crucial for maintaining transparency and oversight.
Thought its at least once every 5 years. Why need more.
changes in leadership, staff turnover, significant changes in IA policies/procedures, the merger of two/more IA organizations.