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The primary role of internal audit within an organisation is to:
Suggested Answer: B
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35 comments · newest first
CA
Carlee
11 months ago
Totally agree with B, it’s all about being objective and independent.
FE
Felicidad
11 months ago
A is misleading, they’re not just investigators!
YU
Yuki
11 months ago
Wait, are we really saying internal audit is just for efficiency?
WI
Willis
12 months ago
I think C is also important, but B covers it better.
RO
Roselle
12 months ago
B is definitely the main role! Adds value for sure.
SH
Shelton
1 year ago
I’m really unsure about D; I know internal audits help with external audits, but I don’t think that's their primary role.
VA
Valda
1 year ago
I feel like C could also be a contender since internal audits do help improve efficiency, but I still think B captures the essence better.
AN
Annabelle
1 year ago
I remember a practice question that emphasized the independence of internal audit, which makes me think B is definitely the right choice, but I’m not completely sure.
KA
Kara
1 year ago
I think the internal audit's main role is more about providing assurance and consulting, so I’m leaning towards B.
SU
Sunny
1 year ago
I'm feeling confident about this one. The second option really stands out as capturing the essence of internal audit's purpose within an organization.
JE
Jeff
1 year ago
Ah, I remember discussing this in class. The key is to focus on the "primary role" - that should help me identify the best answer.
LA
Latanya
1 year ago
This seems like a straightforward question about the role of internal audit. I'll carefully read through the options and think about which one best captures the primary purpose.
LU
Lucille
1 year ago
Hmm, I'm a bit unsure about this one. The options seem similar, but I know the role of internal audit is important. I'll have to think it through step-by-step.
LI
Linn
1 year ago
Okay, I think I've got this. Option B looks like the right choice, as it uses the toUpperCase() method to convert the input string to uppercase.
JE
Jeanice
1 year ago
I'm pretty sure the Integrated Reporting Framework is focused on more than just financial metrics, so A is definitely not one of the principles. B and E sound like they could be correct, but I'm not 100% sure.
KI
Kimberely
1 year ago
Wait, I'm confused. Are open-ended questions the ones that call for a detailed reply, or are those the closed-ended ones? I need to review my notes on this.
BR
Brendan
1 year ago
I'm a bit confused by this question. I know SMTP is for sending email, but I'm not sure about the other options. I'll have to review my notes on email protocols to make sure I get this one right.
TA
Taryn
1 year ago
B, definitely. That's the textbook definition of internal audit's role. Though I do like Nickie's idea of reducing audit fees!
VA
Valentine
1 year ago
I think that's more of a secondary role for internal audit.
MA
Margery
1 year ago
A) serve as the investigative arm of the board
NA
Nakita
1 year ago
That's also an important aspect of internal audit's role.
CH
Chery
1 year ago
C) carry out assignments to assist in the attainment of more efficient operations
SH
Shawna
1 year ago
I agree, that's the main purpose of internal audit.
CY
Cyndy
1 year ago
B) serve as an independent, objective assurance and consulting activity that adds value to operations
NI
Nickie
1 year ago
Hmm, I'm going with D. Anything to reduce external audit fees sounds like a good deal to me!
SA
Sabrina
1 year ago
I'm not sure, but I think it might be C. Internal audit is there to help improve efficiency, right?
BE
Bette
1 year ago
So, the primary role of internal audit is to carry out assignments to help improve operations.
HE
Herminia
1 year ago
Yes, that's correct. Internal audit is there to assist in the attainment of more efficient operations.
AD
Adelle
1 year ago
I think you're right, internal audit does help improve efficiency.
AR
Aracelis
2 years ago
I think the answer is B. The primary role of internal audit is to provide independent and objective assurance and consulting to add value to the organization's operations.
CA
Carey
1 year ago
User 2
MO
Mona
1 year ago
User 1
DO
Doyle
2 years ago
I believe internal audit should also assist in the attainment of more efficient operations, so I would choose option C.
MA
Martina
2 years ago
I agree with Melina. Internal audit should provide objective assurance and help improve operations.
ME
Melina
2 years ago
I think the primary role of internal audit is to serve as an independent, objective assurance and consulting activity that adds value to operations.