Which of the following also should be included in the charter?

An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA.

Which of the following also should be included in the charter?

A. The purpose of the IAA.

B. The IAA’s right to have unrestricted access to functions, records, personnel, and physical property.

C. A detailed audit plan or program for the year.

D. The job specifications and descriptions of the internal audit staff.

View Answer

Answer: B