Which requirement should the chief audit executive consider when communicating results of the quality assurance and improvement program to the board of a large organization?

Which requirement should the chief audit executive consider when communicating results of the quality assurance and improvement program to the board of a large organization?
A . The internal assessment results should be discussed once every five years,
B . The rating conclusions and the impact from results of the external assessment should be explained,
C . The results of the external assessment should be discussed every seven years,
D . The qualifications and independence of the internal assessment team should be discussed

View Answer

Answer: B

Explanation:

The chief audit executive should consider explaining the rating conclusions and the impact of the results from the external assessment when communicating the results of the quality assurance and improvement program to the board. This is crucial as it directly relates to the effectiveness and efficiency of the internal audit function, providing key insights into the internal audit’s performance and its compliance with established standards and practices.

Reference: IIA’s International Standards for the Professional Practice of Internal Auditing.