The scope of an internal audit function includes all of the following except:
A)efficiency and effectiveness of operations
B)compliance with laws and regulations
C)reliability of internal and external reporting
D)managing day to day operations of business units

Question

Quizplus · Accepted Answer

The internal audit function is designed to evaluate and improve the effectiveness of risk management, control, and governance processes, not to manage the day-to-day operations of business units.

The Scope of an Internal Audit Function Includes All of the Following