Internal auditing is considered to be part of an organization's:
A)Accounting system.
B)Control activities.
C)Monitoring.
D)External controls.

Question

Quizplus · Accepted Answer

Internal auditing is a monitoring activity that helps the organization evaluate and improve the effectiveness of its risk management, control, and governance processes. It is not limited to accounting or external controls and is performed by employees of the organization. Therefore, the best choice is C) Monitoring.

Internal Auditing Is Considered to Be Part of an Organization's