[Solved] An internal audit department ____ MCQ

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.

Internal audit is also known as
Internal auditor has to submit report to
The objective of internal control is to
Internal audit is done
Internal audit is undertaken
The objective of internal audit is
Objective of internal audit includes
Internal auditor of a company must be
Internal audit means
Internal auditor is appointed by
Internal audit is

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