Which of the Following Is Not an Appropriate Role of the Internal

question 149

Multiple Choice

Which of the following is not an appropriate role of the internal audit activity in governance activities?

• A) Support the board in enterprise-wide risk assessment.
• B) Ensure the timely implementation of audit recommendations.
• C) Monitor compliance with the organization's ethics policies.
• D) Discuss areas of significant risk.

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Definitions:

Profit-And-Loss Statement

A financial document that shows sales revenues, expenses, and net profit or loss.

Cash-Flow Statement

A cash-flow statement is a financial document that summarizes the amount of cash and cash equivalents entering and leaving a company, providing insights into its liquidity.

Financial Documents

Papers that contain significant information about the financial status or operations of an individual or organization, including statements and reports.

Organization Charts

Visual representations of the hierarchical structure of an organization, showing relationships and relative ranks of its parts and positions/jobs.