Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 48

The chief audit executive's responsibility regarding control processes includes:

Answer options

• A. Assisting senior management and the audit committee in the development of an annual assessment about internal control.
• B. Overseeing the establishment of internal control processes.
• C. Maintaining the organization's governance processes.
• D. Ensuring that the internal audit activity assesses all control processes annually.

Correct answer: A

Explanation

The correct answer, A, highlights the chief audit executive's role in supporting senior management and the audit committee in assessing internal control on an annual basis. Option B is incorrect because overseeing the establishment of internal controls is typically a function of management rather than the audit executive. Option C does not specifically relate to the audit executive's focus on internal control, and option D is inaccurate as it suggests a broader responsibility than the annual assessment mentioned in A.