Using the internal audit department to coordinate regulatory examiners' efforts is beneficial to the organization because internal auditors can:
A) Influence regulatory interpretation of law to better match corporate practice.
B) Recommend changes to the scope of the regulatory examiners' review.
C) Perform fieldwork for the regulatory examiners and thus shorten the regulatory examiners' review.
D) Supply evidence of adequate compliance testing through internal audit workpapers and reports.

Question

Quizplus · Accepted Answer

Internal auditors can provide evidence of compliance through their workpapers and reports, which can help demonstrate that the organization is meeting regulatory requirements.

Using the Internal Audit Department to Coordinate Regulatory Examiners' Efforts