Which of the following is not a responsibility that should be assigned to a company's internal audit department?
A) Evaluating internal control.
B) Approving disbursements.
C) Reporting on the effectiveness of operating segments.
D) Investigating potential merger candidates.

Question

Quizplus · Accepted Answer

Approving disbursements should not be a responsibility of the internal audit department. This duty is typically performed by the accounts payable or finance department. The internal audit department is responsible for evaluating internal controls, reporting on the effectiveness of operating segments, and investigating potential merger candidates.

Which of the Following Is Not a Responsibility That Should