Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 229

An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA. Which of the following also should be included in the charter?

Answer options

• A. The purpose of the IAA.
• B. The IAA's right to have unrestricted access to functions, records, personnel, and physical property.
• C. A detailed audit plan or program for the year.
• D. The job specifications and descriptions of the internal audit staff.

Correct answer: B

Explanation

Option B is correct because the internal audit charter should specify the IAA's right to unrestricted access, which is crucial for effective auditing. Options A, C, and D, while relevant, do not address the essential access rights necessary for the IAA to perform its duties effectively.