The Proper Organizational Role of Internal Auditing Is to

question 83

Multiple Choice

The proper organizational role of internal auditing is to

• A) Assist external auditors in reducing external audit fees.
• B) Perform studies to assist in attaining more efficient operations.
• C) Serve as an investigative arm of senior management and the board of directors.
• D) Serve as an independent, objective assurance and consulting activity that adds value to the organization.

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Definitions:

Growth Rate

The rate at which a company or economy expands over a specific period, typically measured as a percentage.

Potential Difficulty

A possible challenge or obstacle that might arise during a process or activity.

Organizational Climate

The overall atmosphere, culture, and mood within a workplace, significantly affecting employees' motivation and performance.

Esprit De Corps

The spirit of camaraderie and pride among members of a group or team, fostering unity and enthusiasm towards common objectives.