CIA Part 1 — 4: The Board, Senior Management, and the Chief Audit Executive

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn: • The distinct roles and responsibilities of the board, senior management, and the Chief Audit Executive under Domain III of the Global Internal Audit Standards. • How dual reporting lines establish functional accountability to the board and administrative accountability to senior management. • Essential conditions required by professional standards to ensure internal audit independence, authority, and resource sufficiency. • Requirements under the July 2026 Statements of Position when chief audit executives assume second-line advisory or risk roles. • How to resolve resource and governance impasses while preserving internal audit objectivity and executive risk accountability.

Explore independent CIA Part 1 study materials and practice questions at https://open-exam-prep.com/practice/cia-part1 and watch detailed concept walkthroughs on YouTube at https://www.youtube.com/@Open-exam-prep.

Sources checked: October 12, 2026: https://www.theiia.org/globalassets/site/certifications/internal-audit-practitioner/2025-cia-part-1--syllabus.pdf https://www.theiia.org/en/content/standards/complete-global-internal-audit-standards/ https://www.theiia.org/globalassets/site/resources/statements-of-position/tlm_assurance_advice_support_effective_gov_en.pdf