Assessing that a company's policies effectively ensure the company's compliance with environmental standards and laws is:
A) an example of a business performance measurement service.
B) part of the financial statement audit process.
C) an example of an assurance service.
D) part of the internal auditor's responsibilities.

Question

Quizplus · Accepted Answer

Assessing a company's policies to ensure compliance with environmental standards and laws is an assurance service as it provides an opinion on the reliability of the company's environmental compliance reporting. Business performance measurement services focus on assessing a company's financial and non-financial performance, while financial statement audits focus on examining a company's financial statements. Internal auditors are responsible for providing independent and objective evaluations of an organization's internal controls, risk management, and governance processes.

Assessing That a Company's Policies Effectively Ensure the Company's Compliance