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Exam IIA-CIA-Part1 All QuestionsBrowse all questions from this exam

Question 253

Which of the following statements is true regarding the internal audit activity’s quality assurance and improvement program (QAIP)?

Internal assessments must be performed by the chief audit executive.

An internal assessment must be performed at least once every five years.

It is permissible to share the results of the QAIP with the organization’s external auditors.

Results of ongoing monitoring must be validated annually by an independent external assessor.

Correct Answer: C

It is permissible to share the results of the QAIP with the organization’s external auditors. This is a true statement as it allows for the results of the internal audit activity’s QAIP to be shared with external auditors to help improve overall audit assurance and effectiveness.

Discussion

abdullah01Option: C

option C is the correct answer because it accurately reflects a permissible practice regarding sharing QAIP results with external auditors to enhance overall audit assurance and effectiveness.