[Solved] An Internal Audit Department ___

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