To promote operational efficiency, the internal audit department would ideally report to:
A) line management.
B) senior management.
C) Chief Accounting Officer.
D) audit committee.

Question

Quizplus · Accepted Answer

The internal audit department should ideally report to the audit committee, as this promotes independence and objectivity in their reporting. Reporting to line management may compromise the ability to report objectively and senior management may be too involved in day-to-day operations. The Chief Accounting Officer may be a suitable reporting line, but not as ideal as reporting to the audit committee.

To Promote Operational Efficiency, the Internal Audit Department Would Ideally