Internal Audit Basics

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To oversee external audit processes

To verify operations and evaluate the correctness of records (correct)

To enforce organizational policies and procedures

To provide financial consulting to the management

The auditor should not allow biases or undue influence to override professional judgements (correct)

The auditor should have no prior knowledge of the organization

The auditor should be appointed by an external regulatory body

The auditor should work independently from the management

The regulatory authorities

External consulting firms

Specially assigned staff within the organization (correct)

The senior management team

Records, procedures, and operations of an organization Signup and view all the answers

Evaluating the correctness of records on a continuous basis Signup and view all the answers

Maintaining unbiased professional judgements Signup and view all the answers

The internal auditor, who is an employee of the organization Signup and view all the answers

Records, procedures, and operations of an organization Signup and view all the answers

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