13. Question ID: CIA 0815 I.026 (Topic: A. Required Elements of QAIP)
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I am not sure I understand this question.
Which of the following is part of an internal audit activity’s quality assurance and improvement program, rather than being included as part of the CAE’s other responsibilities?
- A. Management approves a formal charter establishing the purpose, authority, and responsibility of the internal audit activity.
- B. The CAE provides information about and access to internal audit workpapers to the external auditors to help them understand and determine the degree to which they may rely on the internal
- C. Each individual internal auditor’s performance is appraised at least annually.
- D. Supervision of an internal auditor’s work is performed throughout each audit engagement.correct
Your Incorrect Answer Explanation for B:
This statement relates to the responsibility of the CAE to coordinate with external auditors (Standard 2050 and related Practice Advisory 2050-1).
Correct Answer Explanation for D:
Supervision is one method of ongoing review, which is part of the internal assessment aspect of a quality assurance and improvement program (Standard Interpretation 1311-1).
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