Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 153

According to IIA guidance, the chief audit executive, board, and senior management must mutually agree on which of the following?

Answer options

• A. Internal audit activity objectives and responsibilities.
• B. Audit engagements to be performed during the year.
• C. The items selected for detailed audit testing.
• D. Staffing of the internal audit activity.

Correct answer: B

Explanation

The correct answer is B, as it emphasizes the necessity for the chief audit executive, board, and senior management to collaborate on the audit engagements planned for the year. Options A, C, and D, while important, do not specifically require mutual agreement among these parties according to IIA guidance.