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What is a characteristic of internal audits?
Suggested Answer: B
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34 comments · newest first
LA
Lai
10 months ago
Yearly audits? Nah, they can happen more often depending on the org.
DE
Delmy
11 months ago
I thought audits were done more frequently than just once a year!
WE
Werner
11 months ago
Wait, they don't have an advisory role? That seems off.
GA
Galen
11 months ago
Totally agree, independence is key for credibility.
LI
Lilli
11 months ago
They are independent of the audited activities, that's true!
FE
Fernanda
12 months ago
I’m leaning towards A because it makes sense that they need to be independent to provide an objective assessment.
RU
Ruthann
12 months ago
I feel like I read somewhere that internal audits can be conducted more frequently than just once a year, so C seems off to me.
TR
Truman
12 months ago
I remember a practice question that mentioned the advisory role of internal audits, so I don't think B is correct.
RO
Rosio
1 year ago
I think internal audits are supposed to be independent, but I'm not sure if that means they can't be part of the organization at all.
CA
Camellia
1 year ago
The yearly part seems like a trick question to me. I don't think internal audits have to be done every single year - it probably depends on the organization and what they need. I'll focus on the independence aspect.
WI
Wilda
1 year ago
Okay, I remember learning that internal audits are not the same as external audits, which are conducted by an independent third party. Internal audits are done by the organization itself, so they can't be completely independent of the organization.
LO
Lorrine
1 year ago
Hmm, I'm a bit unsure about this. I know internal audits are supposed to be objective, but I'm not sure if that means they have no advisory role at all. I'll have to think about that one.
WA
Wayne
1 year ago
I'm pretty confident about this one. I think the key is that internal audits are meant to be independent of the activities being audited, even if they are part of the same organization.
GA
Gabriele
1 year ago
Wait, internal audits are a thing? I thought we just randomly showed up at the office and asked the boss a bunch of questions. No wonder they never take me seriously.
VA
Valentin
1 year ago
Well, if internal audits aren't independent, how can they be objective? A has got to be the correct answer. Unless, of course, the question was a trick and the real answer is 'they provide free donuts to the audited team'.
AL
Alesia
1 year ago
Definitely, without independence, internal audits would lose their effectiveness.
KE
Kenneth
1 year ago
Yeah, independence is key to maintaining credibility in the audit process.
DE
Denny
1 year ago
I agree, internal audits need to be independent to ensure objectivity.
KA
Karima
1 year ago
Conducting internal audits yearly? That's a bit too rigid, don't you think? I'd say option C is a no-go.
ER
Erasmo
1 year ago
A) They are independent of the audited activities (not of the organization).
WE
Werner
1 year ago
I agree, conducting audits yearly may not be flexible enough.
AL
Aleta
1 year ago
B) They have no advisory role within the organization.
SH
Shawnta
1 year ago
A) It's important for internal audits to be independent to ensure objectivity.
EL
Eleni
1 year ago
A) They are independent of the audited activities (not of the organization).
LU
Luis
1 year ago
C) I agree, conducting audits yearly can be too rigid.
KI
King
1 year ago
B) They have no advisory role within the organization.
TR
Truman
1 year ago
A) They are independent of the audited activities (not of the organization).
VI
Virgie
1 year ago
Option B doesn't sound right to me. I thought internal audits were meant to provide advisory services within the organization.
KI
Kirby
1 year ago
B) They have no advisory role within the organization.
AL
Allene
1 year ago
A) They are independent of the audited activities (not of the organization).
NI
Nicholle
2 years ago
I'm pretty sure internal audits are supposed to be independent of the audited activities, not the entire organization. Seems like option A is the way to go here.
PA
Pauline
2 years ago
C) They are always conducted yearly.
PA
Paul
2 years ago
I agree with Asha, internal audits should be independent to ensure objectivity.
AS
Asha
2 years ago
A) They are independent of the audited activities (not of the organization).