which of the following is true with regards to the internal audit charter

I. it identifies the authorities and responsibilities for the internal audit function

II. it specifies the minimum resources needed for the internal audit function

III. it provides a basis for evaluating the internal audit function

IV it should be approved by senior management and the board

V. it should be approved by the organizations external auditors

a. I and V

b. II, III, and IV

C. I, III, and IV

d. I, II, III, IV and V

e. III, IV, and V