Which of the following is not true?
A)An internal audit is never performed by external auditors
B)The primary goals of an internal audit and an external audit are somewhat different
C)Both internal and external audits are similar in their insistence upon objectivity in the performance of the audit evaluation
D)Both the internal audit and the external audit rely heavily upon the audit trail of transactions in an accounting system

Question

Quizplus · Accepted Answer

An internal audit can be performed by external auditors in some cases, especially when the organization does not have a separate internal audit department. Therefore, option A is not true.

Which of the Following Is Not True