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What is the primary objective of internal audit?
  • a)
    To eliminate the need for internal controls.
  • b)
    To locate all errors and frauds within an organization.
  • c)
    To ensure the internal control system is effective in design and operation.
  • d)
    To replace the external audit process.
Correct answer is option 'C'. Can you explain this answer?
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What is the primary objective of internal audit?a)To eliminate the nee...
The primary objective of internal audit is to ensure that the internal control system is effective in design and operation. Internal auditors review the control measures in place and evaluate their efficiency in preventing errors and frauds.
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What is the primary objective of internal audit?a)To eliminate the need for internal controls.b)To locate all errors and frauds within an organization.c)To ensure the internal control system is effective in design and operation.d)To replace the external audit process.Correct answer is option 'C'. Can you explain this answer?
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