One factor of the internal environment is the audit committee.

Question

Quizplus · Accepted Answer

The audit committee is indeed a factor of the internal environment of an organization. The audit committee is responsible for ensuring the accuracy and reliability of the company's financial reports, monitoring the integrity of the financial reporting process, and overseeing the effectiveness of the organization's internal controls and risk management processes. The audit committee also serves as a link between the company's management, external auditors, and the board of directors.

One Factor of the Internal Environment Is the Audit Committee