Question

____________ is an evaluation and analysis of the business operation conducted by the internal audit staff.

• A. External audit
• B. Internal control
• C. Internal audit
• D. Cost audit

Answer 1

The correct option is C Internal audit

Internal Audit is conducted to have a check on internal control system of the organization. Internal Audit helps in detection and prevention of frauds.

Internal Audit is an evaluation and analysis of the business operations. This requires a check on internal control system prevailing in the organization.