In large companies, the independent internal verification procedure is often assigned to

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Independent internal verification is typically assigned to the internal auditors in large companies. Internal auditors are responsible for evaluating and improving the effectiveness of risk management, control, and governance processes within an organization. They provide objective and independent assurance to management and the board of directors. Computer operators may be responsible for executing the verification procedures, but it is the internal auditors who are responsible for designing and assessing the adequacy of those procedures. Management may oversee the internal audit function, but it is not their primary responsibility. Outside CPAs may perform some verification procedures as part of an external audit, but they are not typically assigned to conduct independent internal verification in a large company.

In Large Companies, the Independent Internal Verification Procedure Is Often