Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 227

In order to use "Conducted in accordance with the International Standards for the Professional Practice of Internal Auditing, " an internal audit activity must:

Answer options

• A. Satisfy all requirements of the International Professional Practices Framework during each internal audit engagement.
• B. Complete an external assessment of quality assurance to demonstrate compliance with the Standards.
• C. Establish a continuous quality assurance and improvement program.
• D. Have its charter reviewed and approved by management and the board.

Correct answer: B

Explanation

The correct answer is B because an external assessment of quality assurance is essential to validate compliance with the Standards. While options A, C, and D are important for an internal audit's effectiveness, they do not specifically ensure adherence to the established standards like an external assessment does.