Question

The internal auditor typically reports directly to _____________.

• A. the management of the company
• B. the audit committee and the management of the company
• C. the audit committee and the board of director
• D. the audit committee and the external auditor

Answer 1

Answer: (C)

the audit committee and the board of director

The appointment of internal audit is done by the board of directors. An audit committee is also formed in the organization to review the process of internal audits. Hence, all the observations and findings during the course of internal audit has to brought to the notice of audit committee and board of directors.

The internal auditor typically reports to audit committee and the board of directors.