The chief (internal)audit executive should have direct reporting access to the audit committee,and the committee should oversee the activities and budget of the internal audit function.

Question

Quizplus · Accepted Answer

According to the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors, the chief (internal) audit executive should have direct reporting access to the audit committee and the committee should oversee the internal audit function's activities and budget.

The Chief (Internal)audit Executive Should Have Direct Reporting Access to the Audit