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  • Question - Definition of Internal Auditing

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    Internal auditing emphasizes risk management, control, and governance processes by examining and evaluating the adequacy and effectiveness of an organization's risk management, control, and governance processes and helping the organization improve those processes. The definition focuses on an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.

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    Internal auditing emphasizes risk management, control, and governance processes by examining and evaluating the adequacy and effectiveness of an organization's risk management, control, and governance processes and helping the organization improve those processes. The definition focuses on an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.

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    23 views1 page

    Question - Definition of Internal Auditing

    Uploaded by

    WeaFernandez
    Internal auditing emphasizes risk management, control, and governance processes by examining and evaluating the adequacy and effectiveness of an organization's risk management, control, and governance processes and helping the organization improve those processes. The definition focuses on an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.

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    Definition of Internal Auditing Multiple Choice Question

    1. The IIA’s Definition of Internal Auditing emphasizes the effectiveness of which of the
    following?

    a. Value, cost, and benefit propositions.

    b. Inherent risk, residual risk, and total risk.

    c. Risk management, control, and governance processes.

    d. Purpose, nature, and scope of work.

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