Which body signs off the yearly internal audit programme?
AThe external auditor
BAudit committee or board
CDepartmental managers
DRegistrar of companies
Answer & Solution
Correct answer: B. Audit committee or board
The plan goes for review and approval to the audit committee or board so that audit stays independent of operating management.
Keep practising Audit Planning Strategy and Execution
Browse all Audit Planning Strategy and Execution questions for CA Final, or explore more Auditing topics.
Related questions
Working papers help third parties do what?Internal audit tests the most important controls using which approach?Working papers help show that the audit was performed in line with what?Which development lets auditors analyse entire datasets instead of samples?If liquidation becomes imminent, statements are prepared on what basis?How long is the foreseeable future usually regarded under the going concern assumption?The IAASB issues which of these?Which body sets recognised standards for internal auditors?