Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity’s knowledge, skills, and competencies?

Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity’s knowledge, skills, and competencies?
A . Complete a skills assessment of the internal audit activity based on. The IIA Global Internal Audit Competency Framework.
B . Develop a competency assessment tool for the internal audit activity based on The IIA Global Internal Audit Competency Framework.
C . Incorporate the basic criteria for competency of the internal audit activity into the job descriptions of potential internal auditors,
D . Develop an internal audit activity plan for training internal auditors to perform required assurance and consulting activities.

View Answer

Answer: A

Explanation:

The most likely action a chief audit executive would take to identify gaps in the internal audit activity’s knowledge, skills, and competencies is to complete a skills assessment of the internal audit activity based on The IIA Global Internal Audit Competency Framework. This framework provides a structured and comprehensive approach to assess the current capabilities and identify any areas requiring improvement or development within the audit team.

Reference: The Institute of Internal Auditors (IIA) – Global Internal Audit Competency Framework.