The purpose, authority, and responsibility of the internal audit department must be clearly defined and communicated throughout the organization. To that end, many organizations have an audit charter for the internal audit department. Which of the following statements best represents the requirements for this document?

Question 6 options:

	It must be approved by the board of directors, define audit procedures, and define the scope of internal auditing activities.
	It must be approved by the board of directors, define the scope of internal auditing activities, and give internal auditors unlimited access to records, personnel, and assets relevant to the performance of their work.
	It must define audit procedures, define the scope of internal auditing activities, and establish the internal audit department's independent position and support of senior management within the organization.
	It must set the standards to assess the quality of internal audits, be approved by the board of directors, and give internal auditors unlimited access to records, personnel, and assets relevant to the performance of their work.