chapter 9 - internal audit Flashcards
1
Q
What roles does an internal auditor have?
A
- Monitoring internal controls
- monitoring overall risk
- reviewing the economy, efficiency and effectiveness of oporations
- Review of company complience with laws and other external regulations
- Special investigation
- Examining financial and operating information
2
Q
Who are external auditors…
- required by
- appointed by
- report to
A
- company law
- shareholder or board of directors
- shareholders
3
Q
Who are internal auditors…
- required by
- appointed by
- report to
A
1/2/3 board of directors /audit committee
