Which of the following is most likely the subject of a periodic report from the chief audit executive to the board?

Question

Options

• AA complete, accurate, and comprehensive account of engagement observations and
• BOversight of the coordination between the internal audit activity and independent outside auditors.
• CThe internal audit activity's purpose, authority, responsibility, and performance relative to plan.
• DManagement's assertions regarding the system of internal controls.

• A
  3% (2)
• B
  6% (4)
• C
  89% (59)
• D
  2% (1)

Explanation

A periodic report from the chief audit executive (CAE) to the board typically includes information about the internal audit activity's purpose, authority, responsibility, and performance relative to the audit plan. This report ensures that the board is kept informed about the internal audit activity's alignment with organizational goals, its independence, and any significant issues or deviations from the plan.

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