Question

Internal audit is ________.

• A. of the staff of the company by its own staff
• B. to check whether the instructions of the management are being followed
• C. audit done by chartered accountant to show time and fair position of the company as per accounting principles
• D. Both a & b

Answer 1

The correct option is D Both a & b

Internal auditing is an independent, objective assurance and consulting activity designed to add value to and improve an organization's operations.

Professionals called internal auditors are employed by organizations to perform the internal auditing activity.