How does Internal Auditing help an organization?
A) It reduced the cost of external auditors having to spend as many billable hours during the audit because the internal auditor does most of the work.
B) It helps and organization by providing more credibility to the pubic so they will gain additional investors.
C) It brings the organization into compliance with several Federal and State mandated programs.
D) It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Question

Quizplus · Accepted Answer

Internal auditing helps organizations in multiple ways, but the most significant one is by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. By doing so, the organization can accomplish its objectives efficiently, make informed decisions, and mitigate potential risks. While options A, B, and C are also benefits of internal auditing, they are not as significant as the answer choice D.

How Does Internal Auditing Help an Organization