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?
A.
Documented assessment was performed by the audit committee and confirmed conformance.
B.
Internal and external assessments are performed annually, and nonconformance results are reported to the board.
C.
The independent and objective judgement of the chief audit executive confirmed conformance with the Standards.
D.
Documented internal assessments are performed periodically and confirm conformance.
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.
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