To promote operational efficiency, the internal audit department would ideally report to
A) line management.
B) the PCAOB.
C) the Chief Accounting Officer.
D) the audit committee.

Question

Quizplus · Accepted Answer

The internal audit department should ideally report to the audit committee as they are responsible for overseeing the department and ensuring its independence and objectivity. Reporting to line management or a specific officer could potentially compromise the auditor's ability to objectively evaluate and report on the organization's activities. The PCAOB is an external regulatory body that oversees independent auditors of public companies, and so is not relevant to the internal audit department's reporting structure.

To Promote Operational Efficiency, the Internal Audit Department Would Ideally