Independent internal reviews should be done
A)at the end of each accounting period.
B)at the end of each month.
C)periodically on a surprise basis.
D)by the external auditor.

Question

Quizplus · Accepted Answer

Independent internal reviews should be conducted periodically on a surprise basis to ensure that internal controls are functioning as intended and to prevent or detect irregularities, including fraud. This approach helps in maintaining the effectiveness of the internal control system.

Independent Internal Reviews Should Be Done