Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 94

An external assessment of an organization’s internal audit activity was last completed four years ago. Which of the following options would be acceptable this year if the internal audit activity is to fulfill the requirements of the Standards?

Answer options

• A. The internal audit activity conducts a self-assessment that is validated by a qualified and experienced internal auditor and then schedules a qualified, independent external assessor.
• B. The board nominates an independent individual from senior management in the organization to conduct an assessment of the internal audit activity.
• C. An external auditor conducts an audit of the organization, which includes information about the internal audit activity.
• D. The chief audit executive schedules a self-assessment and the board approves the results.

Correct answer: A

Explanation

Option A is correct because it involves a self-assessment validated by a qualified internal auditor, followed by an independent external assessment, which aligns with the Standards. Option B is incorrect since using an internal senior manager for the assessment does not ensure independence. Option C is not a valid option because an external audit of the organization does not specifically evaluate the internal audit function. Option D lacks independence as it relies solely on a self-assessment approved by the board without external validation.