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A major reason for establishing an internal audit activity is to

A. Relieve overburdened management of the responsibility for establishing effective controls.

B. Safeguard resources entrusted to the organization.

C. Ensure the reliability and integrity of financial and operational information.

D. Evaluate and improve the effectiveness of control processes.

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Question added by MUHAMMED HARIS MI , Senior Audit Staff , Saud Bahwan Group LLC.
Date Posted: 2015/04/24
Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

A major reason for establishing an internal audit activity is to evaluate and improve the effectiveness of control processes

D) would be my answer, as the internal audit function is to ensure internal controls are adhered to, so increasing the reliability and integrity of the financial and operational information.   THE MAIN FUNCTION IS EFFECTIVE INTERNAL CONTROLS.

WILSON DEPALAC
by WILSON DEPALAC , assistant manager accounts , falcon pack industry llc

answer is D. to evaluate and improve effective internal control.

Khurram Shaukat Memon
by Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

Option (d) is the right answer.

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

C. Ensure the reliability and integrity of financial and operational information.

DIN BANDHU SINGH
by DIN BANDHU SINGH , Chief Accountant , ELITE TRADING ALLIANCE CO (El Seif Group of Companies)

C and

D. Evaluate and improve the effectiveness of control processes.

Abd ElRahman Mohammed Idris Mohammed
by Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

(D) is the correct answer.

Evaluate and improve the effectiveness of control processes is the major reason for establishing internal audit activity.

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Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Option C) is answer <<<<<<<<<<<<<<<<<<<<<<

boualem larbi
by boualem larbi , مراقب , الديوان الوطني للاحصائيات

Hi check d is the closest practicable

Amukealni Mthombeni
by Amukealni Mthombeni , Internal Auditor , Pine Consulted

What id the internal audit charter and the requirement of the charter

 

Parvinkumar  S
by Parvinkumar S , Safety Officer , Craftsmen Automation Ltd

Audit working papers are used to support the audit work done in order to provide the assurance that the audit was performed in accordance with the relevant auditing standards. They show the audit was: Properly planned; Carried out properly

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