The internal audit function within an organization should be considered a(n)
A) activity supervised by the controller.
B) sub function of the treasurer.
C) independent appraisal activity.
D) optional service provided by the firm's external auditors.

Question

Quizplus · Accepted Answer

The internal audit function within an organization is actually an independent appraisal activity, which provides assurance and consulting services to the entity. It is not supervised by the controller or sub-function of the treasurer, and not an optional service provided by the firm's external auditors.

The Internal Audit Function Within an Organization Should Be Considered