According to IIA guidance, which of the following statements is true regarding reporting the results of the quality assurance and improvement program?

According to IIA guidance, which of the following statements is true regarding reporting the results of the quality assurance and improvement program?
A . Results of internal assessments need to be reported to the board at least once every five years.
B . The external assessor must present the findings from the external assessment to senior management and the board upon completion.
C . Deficiencies within the internal audit activity must be reported to the board as soon as they are noted.
D . Results of ongoing monitoring of the internal audit activity’s performance must be reported to senior management and the board at least annually

View Answer

Answer: D

Explanation:

According to IIA guidance, the results of ongoing monitoring of the internal audit activity’s performance must be reported to senior management and the board at least annually. This ensures that the board and senior management are regularly informed about the effectiveness and efficiency of the internal audit function, aligning with the IIA’s standards on quality assurance and improvement.

Reference: The Institute of Internal Auditors (IIA) – International Standards for the Professional Practice of Internal Auditing.