Internal auditors are responsible to
A) the board of directors.
B) management.
C) both A and B.
D) neither A nor B.

Question

Quizplus · Accepted Answer

Internal auditors are responsible to both the board of directors and management. In their roles, they provide independent, objective assessments of an organization's operations and help to improve the effectiveness of its risk management, internal control, and governance processes. While they report to management and are part of the organization's structure, they also have a duty to report to the board and ensure that the organization's interests are being safeguarded. Therefore, both the board and management rely on internal auditors to provide valuable insights and guidance in achieving their respective goals.

Internal Auditors Are Responsible to