Which one of the following statements is not true about internal auditing?
A) Internal auditing is an objective evaluation function.
B) Internal auditing is established within an organization.
C) Internal auditing's purpose is to provide assurance regarding the company's compliance with stated policies and procedures.
D) Internal auditing is established as an independent service to regulatory bodies and creditors.
Correct Answer:
Verified
Q63: Congress authorized which of the following organizations
Q64: The criteria against which the auditor measures
Q65: The public expects auditors to
A)understand and enforce
Q66: Which one of the following is not
Q67: Management of a company is responsible for
A)hiring
Q69: Results of the financial statement audit are
Q70: The objective of an operational audit is
Q71: The internal audit profession has emerged and
Q72: Assurance services may include which of the
Q73: CPAs are licensed by the
A)PCAOB.
B)AICPA.
C)state's board of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents