Internal auditors
A) are hired by CPA firms to audit business firms.
B) are employees of the Canada Revenue Agency 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 employed by companies to evaluate the system of internal controls within their organization. They work independently within the organization to provide assurance that the internal controls are effective and operating efficiently. They are not hired by CPA firms and they do not work for the Canada Revenue Agency. While they are employees of the company, they are expected to maintain independence in their evaluations.

Internal Auditors