Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 116

The chief audit executive can illustrate the value of the internal audit activity by reporting which of the following to the board?

Answer options

• A. The overall performance resulting from the internal audit balanced scorecard.
• B. The number of outstanding and overdue management actions.
• C. The experience of the organization's internal auditors.
• D. The number of audits in the annual audit plan relative to similar organizations.

Correct answer: A

Explanation

The correct answer is A because the internal audit balanced scorecard provides a comprehensive view of performance metrics that can showcase the value added by the internal audit function. Options B, C, and D do not effectively convey the overall impact of the internal audit activity on the organization, making them less suitable for illustrating its value to the board.