Management owns internal control; internal auditors:
ADesign it
BOperate it
CEvaluate it
DOwn it
Answer & Solution
Correct answer: C. Evaluate it
Management is responsible for control, while internal auditors evaluate whether it operates effectively.
Keep practising Internal Audit
Browse all Internal Audit questions for CA Final, or explore more Auditing topics.
Related questions
The second line is separate from delivery but is:Strategic planning for internal audit may use which framework?Internal audit's role in enterprise risk management is typically:The Sarbanes-Oxley Act, which raised the profession's profile, dates from:Internal audit scope can include proactive audits to identify:Internal audit is often used as what for future managers?Sawyer urged auditors to focus on which type of auditing?Internal audit departments track reported findings in a: