According to IIA Guidance, Which of the Following Statements Regarding

question 23

Multiple Choice

According to IIA guidance, which of the following statements regarding the internal audit charter is true?

• A) Senior management should approve the charter before it is submitted to the board.
• B) The charter should describe the purpose and authority of the internal audit activity, consistent with the Standards.
• C) The charter should define the consulting services that the internal audit activity is permitted to perform.
• D) The CEO periodically should assess whether the terms of the charter continue to be adequate.

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Definitions:

Nitration

A chemical process that introduces nitro groups into an organic compound, commonly used in the synthesis of explosives and nitrated polymers.

Taggants

Taggants are chemical or physical markers added to materials to allow tracking or identification of products and substances for safety, authentication, or quality control.

Explosion

A sudden and violent release of energy resulting in a rapid increase in volume and release of gases, often accompanied by heat, light, and sound.

Richard Reid

Richard Reid, also known as the "Shoe Bomber," is a British terrorist who attempted to detonate explosives packed into his shoes on an American Airlines flight in December 2001.