An Internal Auditor Should Ideally Report To

question 59

Multiple Choice

An internal auditor should ideally report to:

• A) the chief finance officer.
• B) the audit committee.
• C) the ASIC.
• D) the external auditors.

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Definitions:

Objectives

Specific, measurable goals that are intended to be achieved within a set timeframe.

Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Integration

The process of attaining coordination across differentiated departments.

Decision-making Authority

The power or right vested in individuals or groups to make important decisions regarding policies, practices, or procedures within an organization.