The definition of internal audit includes all of the following except
A) Independence and objectivity.
B) Provision of assurance and consulting activity.
C) Determination of efficient and effective performance.
D) Additional value and improved operations.

Question

Quizplus · Accepted Answer

The definition of internal audit includes independence and objectivity, provision of assurance and consulting activity, and additional value and improved operations. However, it does not include determination of efficient and effective performance as this is typically the responsibility of management or operations. Internal audit may evaluate efficiency and effectiveness as part of their assurance activities, but it is not their main focus.

The Definition of Internal Audit Includes All of the Following