Which of the following processes or tools can be used as ongoing internal assessments of the performance of the internal audit activity? 1. Analyses of audit plan completion and cost recoveries. 2. Selective peer reviews of work papers by staff involved in the respective audits. 3. Self-assessment of the internal audit activity with on-site validation by a qualified independent reviewer. 4. Feedback from audit customers and stakeholders.
A) 1 only
B) 1 and 2 only
C) 3 and 4 only
D) 1, 2, and 4 only

Question

Quizplus · Accepted Answer

Analyses of audit plan completion and cost recoveries, selective peer reviews of work papers, and feedback from audit customers and stakeholders are all ongoing internal assessments of the performance of the internal audit activity.

Which of the Following Processes or Tools Can Be Used