The chief audit executive (CAE) of a small internal audit activity (IAA) plans to test conformance with the Standards through a quality assurance review. According to the Standards, which of the following are acceptable practice for this review?
1. Use an external service provider.
2. Conduct a self-assessment with independent validation.
3. Arrange for a review by qualified employees outside of the IAA.
4. Arrange for reciprocal peer review with another CAE.
According to the International Standards for the Professional Practice of Internal Auditing, the acceptable practices for a quality assurance review include conducting a self-assessment with independent validation, arranging for a review by qualified employees outside of the internal audit activity, and arranging for reciprocal peer review with another chief audit executive. While using an external service provider is also an acceptable practice, option D covers a broader range of acceptable practices listed in the Standards than option A.
Isn't 3 same as 1. A qualifited employees can be external service provider which can conduct a review over conformance with Standard every 5 years. Can someone exaplain why A is correct and C is wrong?
it's a part 1 question no ?