Internal audits furnish the owner(s), creditors, potential and current investors, and regulatory agencies with information on the company's financial status and operations.

Question

Quizplus · Accepted Answer

Internal audits primarily serve the company's management by providing insights and evaluations on the effectiveness of risk management, control, and governance processes, rather than directly furnishing financial status information to external parties like owners, creditors, or investors.

Internal Audits Furnish the Owner(s), Creditors, Potential and Current Investors