Internal auditing is an independent activity designed to add value and improve an organization's operations.

Question

Quizplus · Accepted Answer

Internal auditing is indeed an independent activity that aims to provide objective assurance and consulting services that are designed to enhance and improve an organization's operations. The main goal of an internal audit is to assess an organization's governance, risk management, and control processes, and to identify areas for improvement that can help the organization achieve its objectives more efficiently and effectively. Internal auditing is typically carried out by a dedicated team of professional auditors who are independent of the operational functions that they are auditing, and who report their findings and recommendations to senior management and the board of directors.

Internal Auditing Is an Independent Activity Designed to Add Value