According to IIA guidance, which of the following statements regarding the internal audit charter is true?

According to IIA guidance, which of the following statements regarding the internal audit charter is true?
A . The nature of consulting services typically is not included in the charter.
B . The chief audit executive must formally review the charter at least once a year
C . The nature of assurances provided to parties outside of the organization typically is not included in the charter.
D . The charter typically defines the internal audit activity’s position within the organization.

Answer: D

Explanation:

The internal audit charter outlines the internal audit activity’s purpose, authority, and responsibility within the organization.

It defines the internal audit activity’s position within the organization, including reporting lines, independence, and access to records, personnel, and physical properties relevant to the performance of engagements.

This clarity helps ensure that the internal audit activity can operate independently and effectively