In large companies, the independent internal verification procedure is often assigned to
A) computer operators.
B) management.
C) internal auditors.
D) outside auditors.

Question

Quizplus · Accepted Answer

Independent internal verification is typically assigned to internal auditors, who are specifically trained to review and evaluate a company's internal controls and financial reporting processes. Computer operators may have a role in implementing controls but typically do not have the authority to independently verify them. Management is responsible for overseeing internal controls, but assigning the verification function to them would not be truly independent. Outside auditors may be used for external verification but are not assigned to handle internal verification procedures within the company.

In Large Companies, the Independent Internal Verification Procedure Is Often