Which of the following exemplifies the role of an internal auditor?
A) Chloe classifies the transactions of Pole Star, Inc. and records it in the books of accounts.
B) Chloe reports on the sufficiency of the insurance policies taken out on the assets of Pole Star, Inc.
C) Chloe reports on the financial position of Pole Star, Inc. at the end of the accounting period.
D) Chloe assists the management of Pole Star, Inc. to determine the taxes and tax benefits..

Question

Quizplus · Accepted Answer

Internal auditors are responsible for evaluating the adequacy of the company's internal controls, including risk management and compliance with applicable laws and regulations. Reporting on the sufficiency of insurance policies falls under this responsibility. The other options are not specific to the role of an internal auditor.

Which of the Following Exemplifies the Role of an Internal