Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 10

According to IIA guidance, which of the following statements is true regarding the authority of the chief audit executive (CAE) to release previous audit reports to outside parties?

Answer options

• A. The CAE can release prior internal audit reports with the approval of the board and senior management.
• B. The CAE can employ judgment and release prior audit results as they deem appropriate and necessary.
• C. The CAE can only release prior information outside the organization when mandated by legal or statutory requirements.
• D. The CAE can release prior information provided it is as originally published and distributed within the organization.

Correct answer: B

Explanation

The correct answer is B because the CAE has the authority to use their judgment in deciding whether to release previous audit results, allowing flexibility in their role. Options A and D limit this authority by requiring approval or specific conditions, while C restricts the CAE's ability to act independently, which is not aligned with IIA guidance.