An organization established 20 years ago has had its internal audit activity in place for the last three years. Which of the following would allow the internal audit activity to accurately state that it is in conformance with the Standards?
An organization established 20 years ago has had its internal audit activity in place for the last three years. Which of the following would allow the internal audit activity to accurately state that it is in conformance with the Standards?
To claim conformance with the Standards, the internal audit activity must undergo both internal and external assessments. These assessments help ensure that all aspects of the auditing process adhere to the required standards. Additionally, reporting nonconformance results to the board provides transparency and oversight, which are critical to maintaining the integrity and reliability of the internal audit activity.
Option B best reflects the recommended approach to ensure that the internal audit activity can accurately state conformance with the Standards by undergoing both internal and external assessments annually, with results reported to the board for transparency and oversight.
I think it is B
Why not B?