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

Question

Quizplus · Accepted Answer

Internal auditors are meant to be independent of the line functions in an organization to ensure objectivity and impartiality in their audit work. They provide assurance and advisory services to management and the board on the effectiveness of the organization's risk management, control, and governance processes, but they are not independent of the organization as they are employees of the organization. They do not report on the financial statements of the organization as that is the role of external auditors.

To Operate Effectively, Internal Auditors