Internal audit's primary purpose is to provide independent assurance that a company's risk management, internal controls, and ________ are effective.
A) Audit canvas
B) Workpapers
C) Governance processes
D) Management action plan

Question

Quizplus · Accepted Answer

The primary purpose of internal audit is to offer independent assurance that a company's risk management, internal controls, and governance processes are effective. Governance processes refer to the mechanisms, processes, and relations by which corporations are controlled and directed.

Internal Audit's Primary Purpose Is to Provide Independent Assurance That