According to the Recent Definition of Internal Audit Provided by the Institute

According to the recent definition of internal audit provided by the Institute of Internal Auditors, the principal benefit to management of there being an internal audit function is that:

A) it aids management in the areas of risk management, control and governance processes.
B) management is provided with assurance that the organisation is complying with legal requirements.
C) management is provided with assurance that fraudulent activities will be detected.
D) external audit costs are reduced.