The type of audit in which the primary responsibility of the auditors is the management of the organization is
A)an external audit.
B)a governmental audit.
C)an internal audit.
D)a public audits.

Question

Quizplus · Accepted Answer

An internal audit is conducted by auditors who are employees of the organization being audited. They are responsible for managing the organization's financial and operational controls, and ensuring compliance with legal and regulatory requirements. In contrast, an external audit is conducted by auditors who are not employees of the organization, and their primary responsibility is to provide an independent assessment of the organization's financial reporting and controls. A governmental audit is conducted by auditors who are employed by a government agency, and their primary responsibility is to ensure compliance with laws and regulations related to government programs or activities. A public audit is not a commonly used term in auditing, and may refer to an external or internal audit of a public sector entity.

The Type of Audit in Which the Primary Responsibility of the Auditors