Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 8
According to the International Professional Practices Framework, which of the following is the appropriate division of responsibilities for the coordination of internal and external audit efforts?
I. Oversight of Work -
Coordination of Activities -
Chief audit executive -
Senior management -
II. Board -
Chief audit executive -
III. Chief financial officer -
Chief audit executive -
IV. Board -
Chief financial officer -
Answer options
- A. I
- B. II.
- C. III.
- D. IV.
Correct answer: B
Explanation
The correct answer is B, as it correctly identifies the Board and the Chief audit executive as key players in overseeing audit coordination. Options A, C, and D do not align with the framework's guidance on the proper roles in this context.