The chief audit executive (CAE) of a new internal audit activity is creating an internal audit charter According to IIA guidance, which of the following terms is most likely to be included in the charter?

The chief audit executive (CAE) of a new internal audit activity is creating an internal audit charter According to IIA guidance, which of the following terms is most likely to be included in the charter?
A . Senior management will be present whenever the CAE interacts with the board, to ensure effective communication among all three parties.
B . Internal auditors will advise on the design of control policies and procedures in any area where the organization does not possess the requisite expertise,
C . Internal auditors will demonstrate competence, concern, and the dedication expected of a professional,
D . Internal auditors will receive performance-based compensation, including bonuses for reporting more than a stipulated number of observations.

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Answer: C

Explanation:

According to IIA guidance, an internal audit charter would likely include a statement that internal auditors will demonstrate competence, concern, and the dedication expected of a professional. This aligns with the IIA’s Code of Ethics and Standards, which emphasize the professional demeanor and commitment required from internal auditors.

Reference: The Institute of Internal Auditors (IIA) – International Standards for the Professional Practice of Internal Auditing and Code of Ethics.