Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 110

Which of the following best describes a purpose for the internal audit charter?

Answer options

• A. The internal audit charter authorizes the internal audit activity’s reporting structure and clearly defines the roles of each internal auditor.
• B. The internal audit charter defines the roles and responsibilities of the chief audit executive, board of directors, and senior management.
• C. The internal audit charter authorizes access to records, personnel, and physical properties relevant to the performance of audit engagements.
• D. The internal audit charter defines the criteria by which the internal audit activity’s performance will be evaluated.

Correct answer: C

Explanation

The correct answer, C, highlights that the internal audit charter gives authorization to access necessary records and resources for audits, which is crucial for effective auditing. Options A and B focus on roles and responsibilities rather than access, while option D pertains to performance evaluation criteria instead of authorization.