A charter is being drafted for a newly formed internal auditing department. Which of the following best describes the appropriate organizational status that should be incorporated into the charter?
A: The director of internal auditing should report to the chief executive officer but have access to the board
of directors.
B: The director of internal auditing should be a member of the audit committee of the board of directors.
C: The director of internal auditing should be a staff officer reporting to the chief financial officer.
D: The director of internal auditing should report to an administrative vice president.
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