Which of the following statements regarding internal auditing is not true?
A) Internal auditing can improve an organisation's operations by providing guidance for management decisions.
B) Internal auditing can improve an organisation's operations by providing guidance for more efficient business operations.
C) Internal auditing is a subjective assurance and consulting activity designed to add value and improve an organisation's operations.
D) Internal auditing is undertaken by professionals who evaluate and improve an organisation's risk management,control and governance processes to add value to the organisation.
Correct Answer:
Verified
Q10: The relationship between internal auditing function and
Q11: Standards Australia has a risk management standard:
A)ASA
Q12: The objective of financial audit is to:
A)enable
Q13: The external auditors:
A)must not use the work
Q14: Which of the following is not a
Q16: A firm can only provide reasonable assurance
Q17: Which of the following is not performed
Q18: The objectives of the internal audit function
Q19: Non-compliance with Accounting Concepts and Standards is:
A)sometimes
Q20: Which of the following is performed by
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