Which of the following statements concerning internal audit departments is TRUE?
A) All companies are required to have an internal audit department.
B) Public companies listed on the New York Stock Exchanges are required to have an internal audit department.
C) Internal auditors report to the leader of the enterprise risk management team.
D) Internal auditors must be employed by the organization.

Question

Quizplus · Accepted Answer

Public companies listed on the New York Stock Exchange are required to have an internal audit function to ensure compliance with regulations and effective risk management.

Which of the Following Statements Concerning Internal Audit Departments Is