The Chief Audit Executive Needs to Revise the Internal Audit

Multiple Choice

The chief audit executive needs to revise the internal audit activity's (IAA) charter. The revision must address the element of authority. Which of the following statements meets this requirement?

A) The IAA shall identify and assess all potential risks to the operations of the organization.
B) The IAA shall be granted access to all records relevant to the performance of its duties.
C) Following its assessment, the IAA shall recommend risk control processes and resource management strategies.
D) The IAA shall deliver an initial report of its findings to the organization's board within 120 days of the beginning of the engagement.