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<p>a.Provide Assurance </p> <p>b.Add “Value” </p> <p>c.Test Controls </p> <p>d.Mitigate Risks </p> <p>e.Help Organization Achieve Objectives</p>
the ultimate goal of internal audit is to add value and improve organisation's operations .
E. The ultimate goal of internal audit is to help organization achieve its objectives.
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
All the answers seems to be correct, but the best choice is E-Helps an org to achieve its objectives. Others are included in this one or tools to achieve this one.
E.
E: Help Organization Achieve Objectives
It is to Provide Assurance to the Top Management
Ans: a) Provide Assurance
Goal of internal auditor is to review internal control system and identify weakness or risky area and suggest recommendation to management.
This not only helps to mitigate the risk of fraud or error, but it also helps organization to achieve it's goals. Because controls have been designed to align different organizational activities in direction of one goal and internal auditor helps to highlight gaps in these control, which in turn adds value to process via which customer is served (goods or service).
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