The proper organizational role of internal auditing is to
A)assist external auditors in reducing external audit fees.
B)perform studies to assist in attaining more efficient operations.
C)serve as an investigative arm of senior management and the board of directors.
D)serve as an independent,objective assurance and consulting activity that adds value to the organization.

Question

Quizplus · Accepted Answer

The proper organizational role of internal auditing is to serve as an independent, objective assurance and consulting activity that adds value to the organization. This means that they provide an objective assessment of an organization's internal controls, risk management, and governance processes, and offer recommendations for improvement. They also serve as a proactive partner to management in identifying potential risks and opportunities for improvement. Internal auditing is not intended to reduce external audit fees or serve as an investigative arm of senior management and the board of directors, although they may provide support in these areas as appropriate.

The Proper Organizational Role of Internal Auditing Is to