Which of the following best describes the scope of internal auditing as it has developed to date

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What is the scope of an internal audit?

2.1 The scope of internal audit includes the examination and evaluation of the adequacy and reliability of the Council's system of internal control.

Which of the following best describes the objective of internal auditing?

Which of the following best describes an internal auditor's purpose in reviewing the organization's existing governance, risk management, and control processes? To provide reasonable assurance that the processes will enable the organization's objectives and goals to be met efficiently and economically.

What are the 4 stages of an internal audit?

Although every audit process is unique, the audit process is similar for most engagements and normally consists of four stages: Planning (sometimes called Survey or Preliminary Review), Fieldwork, Audit Report and Follow-up Review.

Which one of the following options represents the proper Organisational role of internal auditing?

D. Serve as an independent, objective assurance and consulting activity that adds value to operations. D) is the correct answer.