QA Program Requirements

B.

The quality assurance (QA) program is an important component of an internal audit function. Its main objective is to ensure that the audit process is effective, efficient, and adds value to the organization. The QA program provides assurance that the internal audit department is adhering to professional standards, that the audit process is operating effectively and that audit reports are reliable and accurate.

Out of the given options, B is the correct answer as it is directly related to the quality assurance program requirements.

Here's why the other options are not relevant:

A. Reporting program results to the board: Although it is important to report the results of the QA program to the board, this is not a requirement of the QA program itself.

C. Analyzing user satisfaction reports from business lines: Although user satisfaction is important, it is not a requirement of the QA program.

D. Conducting long-term planning for internal audit staffing: While this is an important activity for an internal audit function, it is not directly related to the QA program requirements.

Therefore, option B is the most relevant answer as reviewing audit standards periodically is a key requirement of the QA program. This ensures that the internal audit function is adhering to the latest professional standards and best practices. It helps to maintain the credibility of the internal audit function and ensures that the audit process is effective and efficient.