To operate effectively, internal auditors:
A) report on the financial statements of the organisation.
B) are independent of the organisation.
C) are independent of the line functions in an organisation.
D) none of the above

Question

Quizplus · Accepted Answer

Internal auditors are considered as an independent and objective source of assurance and consulting service designed to add value and improve the organisation's operations. It is recommended that internal auditors must be independent of the line functions in the organisation to avoid any potential conflict of interest while performing their duties. Reporting on the financial statements is the responsibility of external auditors who are appointed by the shareholders or owners of the organisation.

To Operate Effectively, Internal Auditors