Internal auditors
A) must be independent of the entity that employs them.
B) report to the accounting department.
C) are employed by all types of organizations.
D) must be CPAs.

Question

Quizplus · Accepted Answer

Internal auditors are employed by all types of organizations, including businesses, non-profit organizations, and government agencies. They provide independent and objective evaluations of an organization's operations and financial reporting to management and stakeholders. While independence is important for internal auditors, they are not required to be completely independent of the entity that employs them as external auditors are. Additionally, while some internal auditors may hold a CPA license, it is not a requirement for the role.

Internal Auditors