Audit Function Accountability and Reporting Quiz
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Questions and Answers

What may be included in the audit function reports to those charged with governance and oversight?

  • Marketing materials for the audit department
  • Recommendations for future audit engagements
  • Updates on staff vacation schedules
  • Results of management progress on agreed-on implementations (correct)

    • What is one of the responsibilities that may be included in the audit charter?

  • Providing IT support for other departments
  • Developing marketing strategies for the organization
  • Reviewing customer complaints
  • Required reporting to governance on the independence of the function (correct)

    • When should the audit charter be reviewed to ensure alignment with the enterprise mission and strategies?

  • Every quarter
  • Every 5 years
  • Only when a major crisis occurs
  • At least annually and when responsibilities change (correct)

    • Under what circumstances should an immediate review of the audit charter be conducted?

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