Internal auditors may not perform:
A) Audits of financial statements resulting in reports intended for management's use only.
B) Forensic audits.
C) Integrated audits leading to an audit opinion issued in accordance with AICPA or PCAOB standards.
D) All of the above.

Question

Quizplus · Accepted Answer

Internal auditors may perform a variety of audits, including audits of financial statements for internal use and forensic audits. However, they typically do not perform integrated audits that result in an opinion issued in accordance with AICPA (American Institute of Certified Public Accountants) or PCAOB (Public Company Accounting Oversight Board) standards, as these are usually the purview of external auditors.

Internal Auditors May Not Perform