Who do the external auditors and the internal auditors usually report to?
A)senior management
B)audit committee
C)chief executive officer
D)director of internal audit

Question

Quizplus · Accepted Answer

External auditors report to the audit committee, as it is their role to provide an independent assessment of an organization's financial statements. Internal auditors also typically report to the audit committee, as they are responsible for assessing and improving the effectiveness of an organization's internal controls and risk management processes. While senior management and the CEO may receive updates from the auditors, the audit committee is responsible for overseeing the audit function and ensuring that the organization is complying with applicable laws and regulations. The director of internal audit may report to senior management, but ultimately their work should be reviewed and overseen by the audit committee.

Who Do the External Auditors and the Internal Auditors Usually