Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 158

When can an internal audit activity use the statement, "Conforms with the International Standards for the Professional Practice of Internal Auditing"?

Answer options

• A. The internal audit activity has been in existence for four years; the results of the last three consecutive internal assessments have demonstrated general conformance with the Standards and Code of Ethics.
• B. The internal audit activity has been in existence for 11 years; the results of the last external assessment, performed six years ago, demonstrated general conformance with the Standards and Code of Ethics.
• C. The internal audit activity has been in existence for six years; although an external assessment has not yet been performed, the results of the last four consecutive internal assessments have demonstrated general conformance with the Standards and Code of Ethics.
• D. The internal audit activity has been in existence for seven years; the results of the external assessment performed seven years ago and the last six consecutive internal assessments have demonstrated general conformance with the Standards and Code of Ethics.

Correct answer: A

Explanation

The correct answer is A because it specifies that the internal audit function has been active for four years and has shown consistent conformance in the last three internal assessments, which aligns with the requirements for the statement. Options B, C, and D are incorrect as they do not meet the necessary criteria of recent, consistent internal assessments or the timeframe of existence for declaring conformity.