The key benefit to management of there being an internal audit function is that:
A) It provides assurance to management that the organisation is complying with its legal requirements.
B) External audit costs are reduced.
C) It provides assurance to management that fraudulent activities will be detected.
D) It aids management in the areas of risk management, control and governance processes.

Question

Quizplus · Accepted Answer

Internal audit primarily aids management by evaluating and improving the effectiveness of risk management, control, and governance processes.

The Key Benefit to Management of There Being an Internal