An organizations audit charier PRIMARILY:

An organizations audit charier PRIMARILY:
A . describes the auditors’ authority to conduct audits.
B . defines the auditors’ code of conduct.
C . formally records the annual and quarterly audit plans.
D . documents the audit process and reporting standards.

View Answer

Answer: A

Explanation:

An organization’s audit charter primarily describes the auditors’ authority to conduct audits. The audit charter is a formal document that defines the purpose, scope, responsibilities, and reporting relationships of the internal audit function. It also establishes the auditors’ right of access to information, records, personnel, and physical properties relevant to their work. The audit charter provides the basis for the auditors’ independence and accountability to the governing body and senior management.