Assessing that a company's policies effectively ensure the company's compliance with environmental standards and laws is:
A) part of the internal auditor's responsibilities.
B) an example of a business performance measurement service.
C) an example of an assurance service.
D) part of the financial statement audit process.

Question

Quizplus · Accepted Answer

This task falls under the category of an assurance service, which involves evaluating and providing an opinion on the reliability and credibility of information to stakeholders. The internal auditor deals with assessing the effectiveness of internal controls and risk management, while business performance measurement services involve analyzing various aspects of business operations to improve performance. This task is not part of the financial statement audit process, which focuses on ensuring the accuracy and completeness of financial information presented in the company's financial statements.

Assessing That a Company's Policies Effectively Ensure the Company's Compliance