Internal audit usually reports to:

Question

Quizplus · Accepted Answer

Internal audit typically reports to the chief financial officer (CFO). The CFO is responsible for the financial functions of the organization and oversees the internal audit department, which is responsible for ensuring that the organization's financial controls and processes are functioning correctly. This provides a level of independence and objectivity for the internal audit function, as it is reporting to a senior executive who is not directly involved in day-to-day operations or financial reporting. Reporting to other positions, such as the treasurer, cashier, or controller, could compromise the independence and effectiveness of the internal audit function.

Internal Audit Usually Reports To