[Solved] Internal check is carried on by (MCQ)

Internal check is carried on by

a) Special staff

b) Internal auditor

c) Accountant

d) The members of the staff among themselves

Answer: (d) Internal check is carried on by the members of the staff among themselves. The objective of an internal audit is to provide insight into an organization’s culture, policies, procedures, and aids board and management oversight by verifying internal controls such as operating effectiveness, risk mitigation controls, and compliance with any relevant laws or regulations.

More MCQ and Answers on Auditing

  1. Management audit means
  2. Systems audit implies
  3. Internal audit means
  4. Internal audit is
  5. Detection of errors and fraud in audit is  
  6. Internal auditor is appointed and removed by the  
  7. The object of internal check is to
  8. Effective internal check system reduces
  9. Internal check is a part of
  10. The objective of internal audit is

Comments