Exam CISA topic 1 question 1473 discussion

"Quality Assurance and Improvement Program – The charter should include: o A statement that the internal audit activity will maintain a quality assurance and improvement program that covers all aspects of the internal audit activity including its evaluation of conformance to IIA Standards. o A requirement for the CAE to report periodically the results of its quality assurance and improvement program to senior management and the governing body..." this doesn't itemize the process so B is most accurate

As per the IIA, an audit charter should have Quality Assurance and Improvement Program. Option A is correct

B. Post-audit review

The correct answer is B. Post-audit review. A post-audit review is a process that evaluates the quality of an audit engagement after its completion. It assesses the effectiveness of the audit process, identifies areas for improvement, and provides recommendations for enhancing the quality of future audits. This review is a key component of an audit's quality assurance (QA) process.

The audit charter typically outlines the overall framework, objectives, scope, and responsibilities of the audit, including its quality assurance (QA) processes. It sets the foundation for the audit and includes details on how quality will be ensured throughout the audit process. While the other documents might touch upon QA processes, the audit charter is specifically designed to establish these processes from the outset.