Who should perform an internal audit?
A) A private auditing firm
B) The organization's accounting department
C) Representative managers and employees from throughout the organization
D) A team of top-level managers
E) The chief executive officer

Question

Quizplus · Accepted Answer

An internal audit is typically performed by representative managers and employees from throughout the organization, who have a good understanding of the organization's operations and are familiar with the concerns and risks that exist. As internal auditors are part of the organization, they aim to add value and improve organizational operations. Option A is not ideal as it involves hiring an external firm, which can be expensive and may not have a comprehensive understanding of the organization's internal operations. Options B, D, and E may lack the necessary insight or expertise to conduct a thorough audit.

Who Should Perform an Internal Audit