Which of the following statements concerning internal audit is FALSE?
A) Internal audit must remain independent of all business functions that they audit.
B) Internal auditors have a stake in the outcome of the business processes that they audit.
C) Internal audit departments may be in-house employees or contractors.
D) Internal audit provides insight to the company leadership, audit committee, and board.

Question

Quizplus · Accepted Answer

Internal auditors should maintain an objective and impartial stance regarding the business processes they audit, meaning they should not have a stake in the outcomes of those processes. This ensures their assessments are unbiased and credible.

Which of the Following Statements Concerning Internal Audit Is FALSE