Internal auditors
A) are hired by CPA firms to audit business firms.
B) are employees of the IRS who evaluate the internal controls of companies filing tax returns.
C) evaluate the system of internal controls for the companies that employ them.
D) cannot evaluate the system of internal controls of the company that employs them because they are not independent.

Question

Quizplus · Accepted Answer

Internal auditors are employees of a company and are responsible for evaluating and improving the effectiveness of the organization's risk management, control, and governance processes. They review internal controls to ensure compliance with regulations and identify areas for improvement. However, they cannot be completely independent as they are employed by the company they are auditing.

Internal Auditors