Which statement most accurately describes how criteria are established for use by internal auditors in determining whether goals and objectives have been accomplished?
Which statement most accurately describes how criteria are established for use by internal auditors in determining whether goals and objectives have been accomplished?
Management is responsible for establishing the criteria that internal auditors use in determining whether goals and objectives have been accomplished. Internal auditors must ascertain the extent to which management and/or the board has established adequate criteria. If the criteria are found to be adequate, internal auditors should use them in their evaluations. If not, they should identify appropriate evaluation criteria through discussions with management and/or the board.
Performance Standards 2210.A3 – Adequate criteria are needed to evaluate governance, risk management, and controls. Internal auditors must ascertain the extent to which "management and/or the board has established adequate criteria to determine whether objectives and goals have been accomplished". If adequate, internal auditors must use such criteria in their evaluation. If inadequate, internal auditors must identify appropriate evaluation criteria through discussion with management and/or the board.
That is really relevant,,,, many thanks basiclane