Who receives the report from an external QA?
Standard 1320 states that the chief audit executive must communicate the results of external assessments upon completion to senior management and the board (through the audit committee). Upon the completion of an external quality assessment, the review team must issue a formal report containing an opinion on the internal audit activity’s conformance with the International Standards for the Professional Practice of Internal Auditing (Standards). The report must be addressed to the person or organization requesting the assessment. The chief audit executive must prepare a written action plan in response to the significant comments and recommendations contained in the report of external assessment. This written action plan must also be addressed to the person or organization requesting the assessment. Appropriate follow-up is also the chief audit executive’s responsibility.
