What is the role of internal auditing?

Question

Quizplus · Accepted Answer

The role of internal auditing is to provide assurance and consulting services to improve an organization's operations. Internal auditors evaluate the adequacy and effectiveness of internal controls, identify areas for improvement, and provide recommendations to management. They also assist in risk management and compliance activities. The internal auditor's role is not to substitute for the external auditor or mediate disagreements between the external auditor and corporate management, although they may provide assistance to the audit committee in negotiations with the external auditor.

What Is the Role of Internal Auditing