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Having an audit charter is important for internal audit departments. Which of the following items is generally not a reason to have an audit charter?

Having an audit charter is important for internal audit departments. Which of the following items is generally not a reason to have an audit charter?

  • It defines the department's authority and responsibility.
  • It defines the skills and competencies required by the internal audit department.
  • It defines the reporting requirements for internal audit departments.
  • It provides a commitment from management to support the internal audit department's activities.

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