Which element defines the scope and types of services provided by internal audit?

The element that defines the scope and types of services provided by internal audit is the Internal Audit Charter. The Internal Audit Charter serves as a formal document that outlines the purpose, authority, and responsibility of the internal audit function within an organization. It establishes the framework for the internal audit activity, including its role in governance, risk management, and the overall audit plan.

The Charter typically includes specifics about the structure of the internal audit department, reporting lines, and the types of audits and services that will be provided, such as operational reviews, compliance audits, and risk assessments. By having this document in place, the internal audit function can operate with clarity and authority, ensuring that its scope aligns with the organization’s objectives and risks.

In contrast, while the other options relate to internal audit practices, they do not define the audit scope directly in the manner that the Internal Audit Charter does. The Internal Audit Framework provides guidelines and best practices, while the Internal Audit Standards refer to codified expectations in the profession. The Internal Audit Assessment might relate to performance and evaluation but does not define the scope or services of the internal audit function itself.