Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 83

An organization established 20 years ago has had its internal audit activity in place for the last three years. Which of the following would allow the internal audit activity to accurately state that it is in conformance with the Standards?

Answer options

• A. Documented assessment was performed by the audit committee and confirmed conformance.
• B. Internal and external assessments are performed annually, and nonconformance results are reported to the board.
• C. The independent and objective judgement of the chief audit executive confirmed conformance with the Standards.
• D. Documented internal assessments are performed periodically and confirm conformance.

Correct answer: D

Explanation

The correct answer is D because periodic documented internal assessments are essential for evaluating compliance with the Standards. While option A refers to an assessment by the audit committee, it does not specifically mention the periodic nature required for ongoing conformance. Options B and C, while mentioning assessments and judgments, do not fulfill the need for documented internal assessments as required by the Standards.