Which of the following is the IIA's stated position regarding the internal auditing activity?
A) All responsibilities for internal auditing activity can be outsourced.
B) An in-house liaison, such as an executive or senior management member, should be assigned the responsibility for internally managing the internal auditing activity.
C) All internal auditors involved in the internal auditing activity must be CIAs.
D) Internal auditors for the internal auditing activity should be supervised by CPAs.

Question

Quizplus · Accepted Answer

The IIA's stated position is that an in-house liaison, such as an executive or senior management member, should be assigned the responsibility for internally managing the internal auditing activity. This person should oversee the activity to ensure it is effective, efficient, and complies with applicable laws and regulations. The IIA does not require all responsibilities for internal auditing activity to be outsourced nor does it mandate that all internal auditors involved in the internal auditing activity must be CIAs or supervised by CPAs.

Which of the Following Is the IIA's Stated Position Regarding