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Answer: An internal audit should review the manner in which stress testing efficiencies are identified, tracked, and remedied.
The correct answer is A because internal audit plays a crucial role in ensuring the effectiveness of stress testing processes. It should review how stress testing efficiencies are identified, tracked, and remedied, as well as assess both the activities and the staff involved. The internal audit function must maintain independence and objectivity to provide unbiased assessments of the stress testing framework's adequacy and effectiveness.
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An internal audit should review the manner in which stress testing efficiencies are identified, tracked, and remedied.
An internal audit should assess not only the stress testing activities, but also the staff involved in stress testing activities. The internal audit function needs to be independent and objective.
A
An internal audit should review the manner in which stress testing efficiencies are identified, tracked, and remedied.
B
An internal audit should only assess the stress testing activities, not the staff involved.
C
The internal audit function does not need to be independent and objective.
D
Internal audit should not review stress testing processes.
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