[Solved] Internal audit means ____ MCQ

By Pulakesh Nath on April 7, 2022

Internal audit means ____

a) Audit undertaken to ascertain truth and fairness of state of affairs

b) Audit undertaken internally to evaluate management functions

c) Audit undertaken by employees of the organization to check financial irregularities

d) Audit by independent auditor to improve internal affairs

Answer: c) Internal audit means an audit undertaken by employees of the organization to check financial irregularities, enforce accountability and maintain transparency. In other words, an internal audit is a process to evaluate and improve the effectiveness of the internal control system in an organization.

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

An internal audit department

Internal auditor of a company must be

Internal auditor is appointed by

Internal audit is