The chief audit executive can illustrate the value of the internal audit activity by reporting which of the following to the board?

Question

Options

• AThe overall performance resulting from the internal audit balanced scorecard
• BThe number of outstanding and overdue management actions
• CThe experience of the organization's internal auditors
• DThe number of audits in the annual audit plan relative to similar organizations

• A
  71% (24)
• B
  9% (3)
• C
  18% (6)
• D
  3% (1)

Explanation

The chief audit executive (CAE) can best illustrate the value of the internal audit activity by reporting the overall performance resulting from the internal audit balanced scorecard. The balanced scorecard includes metrics that measure the effectiveness, efficiency, and impact of the internal audit function, providing a comprehensive view of its contributions to the organization. This approach demonstrates how internal audit activities align with and support the organization's strategic objectives.

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