The statement that best describes internal auditing is:
A)an activity to reduce risk.
B)an activity located within an entity, primarily to detect fraud.
C)an independent and objective assurance activity within an entity.
D)an accounting function located within an entity.

Question

Quizplus · Accepted Answer

Internal auditing is an independent and objective assurance activity designed to add value and improve an organization's operations.

The Statement That Best Describes Internal Auditing Is