What is the primary role of internal auditing in multinational corporations?

Question

Quizplus · Accepted Answer

The primary role of internal auditing in multinational corporations is to monitor risks and assess their effect on the company. This includes identifying potential risks, evaluating controls, and providing recommendations to management on how to mitigate risks and improve business processes. While internal auditors may assist external auditors with the financial statement audit, this is not their primary role. They also do not typically prepare the annual report or select independent members for the board of directors.

What Is the Primary Role of Internal Auditing in Multinational