Which of the following is a requirement of the Standards for the Professional Practice of Internal Audit if the Institute of Internal Auditors (IIA)that is not a requirement of an external auditor performing a financial statement audit?
A)Due care.
B)Internal control evaluation.
C)Reporting to the audit committee.
D)Performing a follow-up on audit findings.

Question

Quizplus · Accepted Answer

Internal auditors are required to perform follow-ups on audit findings to ensure that corrective actions have been implemented, which is not a standard requirement for external auditors.

Which of the Following Is a Requirement of the Standards