[Solved] Internal audit means ____ MCQ

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

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