Which of the following statements does not describe the responsibilities of a company's internal audit staff?
A)Internal auditors ensure that the company's financial statements have been presented fairly.
B)Internal auditors focus on the efficiency with which the organization is run.
C)Internal auditors help ensure that the company's policies and procedures are followed.
D)Internal auditors periodically review both accounting and administrative controls.

Question

Quizplus · Accepted Answer

It is the responsibility of external auditors, not internal auditors, to ensure that a company's financial statements have been presented fairly. Internal auditors focus on operational and compliance audits to improve the company's efficiency and ensure policies and procedures are followed. They review accounting and administrative controls as part of their responsibilities, but they do not have the final say on the presentation of financial statements.

Which of the Following Statements Does Not Describe the Responsibilities