The quality assurance and improvement program (QAIP) should include both internal assessments performed by staff and external assessments performed by independent, objective individuals. This ensures that the internal audit activity maintains high standards of quality and adheres to professional guidelines.
* Option A: The QAIP must include ongoing internal assessments and external assessments every five years, not necessarily every three years.
* Option B: While ongoing self-assessments are part of QAIP, external assessments by independent
* assessors are also required.
* Option D: The board may set scoping limitations, but the comprehensive nature of QAIP includes both internal and external evaluations without board-imposed restrictions.
References:
* IIA Standard 1300: Quality Assurance and Improvement Program.
* IIA Standard 1312: External Assessments.