What Is the Primary Role of Internal Auditing in a Multinational

question 11

Multiple Choice

What is the primary role of internal auditing in a multinational corporation?

• A) To assist the external auditors in completing the financial statement audit in a timely fashion
• B) To make sure that employees comply with local customs and traditions
• C) To ensure that corporate policies and procedures are being followed and to assess operating efficiency
• D) To prepare the consolidated financial statement of the corporation in compliance with international accounting standards

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Definitions:

Motivated

Refers to being driven or encouraged to act or accomplish something due to either internal desires or external rewards.

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To successfully reach a desired or intended goal, often as a result of effort or skill.

Teams Competency

The combined skills, knowledge, and abilities of a team that enable it to perform effectively and achieve its goals.

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