According to the Standards, which of the following is applicable to the internal audit activity's quality assurance and improvement program?
According to the Standards, which of the following is applicable to the internal audit activity's quality assurance and improvement program?
The internal audit activity's quality assurance and improvement program must evaluate all aspects of the internal audit activity. This ensures comprehensive coverage and assessment of all components, which includes both periodic self-assessments and ongoing monitoring. The Standards require that all aspects of the activity be evaluated to ensure the highest level of effectiveness and efficiency.
What's the difference between A and B? A can also include review of all aspects of the IA but A says periodic reviews when B only says about all aspects
Why is A not correct?
It talks about MONITORING.
periodic monitoring is not true. it's PERIODIC SELF ASSESSMENT and ONGOING MONITORING. btw this is from Part 1