Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 211

Which of the following statements is true regarding the communication and approval of the internal audit plan?

Answer options

• A. After communicating the internal audit plan to the board, the chief audit executive (CAE) determines the resources needed to implement it.
• B. The CAE and the board agree in advance on the criteria that would determine whether changes to the internal audit plan need to be discussed with the board.
• C. After communicating the internal audit plan to the board, the CAE should present it to senior management.
• D. The internal audit plan should be presented to the board during a meeting without senior management present.

Correct answer: B

Explanation

Option B is correct because it emphasizes the importance of predefined criteria between the CAE and the board for discussing any changes to the internal audit plan. Options A, C, and D are incorrect as they misrepresent the responsibilities and protocols regarding the communication and approval process of the internal audit plan.