Examice

When constructing a staffing schedule for the internal audit activity (IAA), which of the following criteria are most important for the chief audit executive to consider for the effective use of audit resources?

1. The competency and qualifications of the audit staff for specific assignments.

2. The effectiveness of IAA staff performance measures.

3. The number of training hours received by staff auditors compared to the budget.

4. The geographical dispersion of audit staff across the organization.

Correct Answer: B

When constructing a staffing schedule for the internal audit activity (IAA), the most important criteria for the chief audit executive to consider are the competency and qualifications of the audit staff for specific assignments, and the geographical dispersion of audit staff across the organization. The competency and qualifications ensure that the right people with the right skills are assigned to the appropriate tasks, which is critical for effective auditing. The geographical dispersion is important to ensure that audit resources are effectively utilized across different locations of the organization, preventing inefficiencies and coverage gaps. Measures related to staff performance effectiveness and training hours, while important, are secondary considerations to the primary operational needs of skills matching and geographical coverage.