According to IIA guidance, which of the following statements is true regarding reporting the results of the quality assurance and improvement program?

The IIA's International Standards for the Professional Practice of Internal Auditing (Standards)

provide guidance on the reporting requirements of the quality assurance and improvement program.

According to Standard 1320, "The chief audit executive must communicate the results of the quality

assurance and improvement program to senior management and the board." This communication

must include the results of both internal and external assessments and ongoing monitoring.

Specifically, the results of ongoing monitoring of the internal audit activity’s performance should be

reported to senior management and the board at least annually. This ensures that the internal audit

activity maintains its proficiency, enhances its effectiveness, and complies with the Standards.

Reference: IIA Standard 1320