Which of the following is not a responsibility that should be assigned to a company's internal audit department? A)Evaluating internal control. B)Approving credit. C)Reporting on the effectiveness of operating segments. D)Investigating potential merger candidates.

Question

Quizplus · Accepted Answer

Approving credit is typically a function of the finance or credit department, not the internal audit department. The internal audit's role is to assess and report on the effectiveness of internal controls, operations, and governance processes, not to engage in operational tasks such as credit approval.

Which of the Following Is not a Responsibility That Should