Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 7

The chief audit executive (CAE) of an organization has established an internal audit activity (IAA) quality assessment program. According to IIA guidance, which of the following would be part of this program?

Answer options

• A. Assessment of the IAA conducted independently of client feedback, and the review of individual audits to determine the quality and timeliness of supervision.
• B. Assessment of the IAA conducted independently of client feedback, and identified areas of improvement reviewed at the end of the year.
• C. Compliance with a checklist of required audit procedures, and review of individual audits to determine the quality and timeliness of supervision.
• D. Compliance with a checklist of required audit procedures, and identified areas of improvement reviewed at the end of the year.

Correct answer: C

Explanation

The correct answer, C, is right because it emphasizes the importance of adhering to a checklist of required audit procedures, which is essential for maintaining quality assurance in audits. Options A and B do not focus on the checklist aspect, while D, although similar to C, lacks the critical review of individual audits for quality and timeliness, making it less comprehensive.