In order to use "Conducted in accordance with the International Standards for the Professional Practice of Internal Auditing, " an internal audit activity must:
A.
Satisfy all requirements of the International Professional Practices Framework during each internal audit engagement.
B.
Complete an external assessment of quality assurance to demonstrate compliance with the Standards.
C.
Establish a continuous quality assurance and improvement program.
D.
Have its charter reviewed and approved by management and the board.
The answer is not C because you can have a continuous QAIP done every year through ongoing internal assessment, but it will only be in conformance with the Standards IF an EXTERNAL assessment has been made in the last 5 years.
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Aakriti02
4 months, 1 week agosomara
3 months, 3 weeks ago