What Is the Role of Internal Auditing

question 46

Multiple Choice

What is the role of internal auditing?

• A) To substitute for the external auditor whenever possible
• B) To provide assurance and consulting services to improve an organization's operations
• C) To assist the audit committee in negotiations with the external auditor
• D) To mediate disagreements between the external auditor and corporate management

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Definitions:

Church of England

The primary state church in England, also known as Anglican Church, which was established in the 16th century by King Henry VIII.

European Exploration

The period, starting in the late 15th century, during which European countries explored the world's oceans and territories, leading to discoveries, the establishment of trade routes, and the colonization of various regions.

Atlantic

A vast ocean that lies between the Americas to the west and Europe and Africa to the east.

Financing

The act of providing funds for business activities, making purchases, or investing, typically involving loans, equity investments, or other forms of financial support.