Which of the following statements accurately describes the Standards requirement for ret internal audit records?

Question

Options

• ARetention requirements for internal audit records should be compliant with ones set for external
• BRetention requirements should take into account the medium in which internal audit records are
• CRetention requirements should be set by the chief audit executive and aligned will the organization
• DRetention requirements should set a minimum period of the for records storage and the process of

• B
  2% (1)
• C
  94% (45)
• D
  4% (2)

Explanation

According to IIA guidance, the chief audit executive (CAE) is responsible for establishing policies and procedures for the internal audit activity, including the retention of audit records. These requirements should be aligned with the organization's overall processes and procedures to ensure consistency and compliance with legal and regulatory requirements. This approach ensures that the retention policy is tailored to the specific needs and context of the organization, while also maintaining alignment with broader organizational policies.

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