Which of the Following Statements Does Not Describe the Responsibilities

question 13

Multiple Choice

Which of the following statements does not describe the responsibilities of a company's internal audit staff?

• A) Internal auditors ensure that the company's financial statements have been presented fairly.
• B) Internal auditors focus on the efficiency with which the organization is run.
• C) Internal auditors help ensure that the company's policies and procedures are followed.
• D) Internal auditors prepare the report of management to the company's stockholders.

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Definitions:

Objectives

The goals or aims that an organization or individual strives to achieve over a certain period.

Implementation

The process of putting a decision or plan into effect; execution of a plan, idea, or policy.

Bank Statement Adjustment

Modifications made to a company's cash account records to reconcile them with the bank statement's transactions and balance.

Company Books Adjustment

The process of making corrections or changes to the financial records of a business to reflect accurate financial positions.