In a large company,who usually actively performs the monitoring of internal control?
A)Internal auditors
B)PCAOB
C)CFO
D)External auditors

Question

Quizplus · Accepted Answer

Internal auditors are responsible for monitoring and assessing the effectiveness of a company's internal control system. They are employed by the company and operate independently of management to ensure objective and unbiased reporting. External auditors only review the internal control system to form an opinion on the financial statements, while the PCAOB is an oversight body for audit firms. The CFO may have a role in overseeing internal controls, but this is not their primary responsibility.

In a Large Company,who Usually Actively Performs the Monitoring of Internal