An internal audit department ____
a) is the independent department
b) is the Non-independent department
c) is the inter-dependent department
d) None of these
Answer: a) The internal Audit Department is the independent department of the company that aims to improve the company’s operations. The internal audit department examines and evaluates the adequacy, effectiveness, and efficiency of the company’s control environment. The internal audit department also assists management in achieving its goals by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes.