External assessment

External assessments of an internal audit activity contain an expressed opinion as to the entire spectrum of assurance and consulting work performed (or that should have been performed under its charter), including (but not limited to) conformance with the Definition of Internal Auditing, the Code of Ethics, and theStandards. An external assessment also includes, as appropriate, recommendations for improvement (PA 1312-1, para. 2). On completion of the review, a formal communication should be given to senior management and the board (PA 1312-1, para. 3).

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