IIA-CIA-PART2 Question #257: Real Exam Question with Answer & Explanation

The correct answer is A. The form and content of monitoring policies could vary by industry. The form and content of monitoring policies can indeed vary depending on the industry and the specific requirements of the organization. While all internal audit activities require some level of monitoring to ensure effectiveness and compliance with standards, the specific approa

Question

Which of the following is true regarding the monitoring of internal audit activities?

Options

AThe form and content of monitoring policies could vary by industry
BThe board of directors is responsible for the establishment of monitoring polities
CBoth large and small audit departments must have written policies on monitoring.
DThe chief audit executive must develop all monitoring policies related to the activity

Explanation

The form and content of monitoring policies can indeed vary depending on the industry and the specific requirements of the organization. While all internal audit activities require some level of monitoring to ensure effectiveness and compliance with standards, the specific approach and documentation may differ based on industry norms, regulatory requirements, and organizational size and complexity.

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