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In the governance process, the internal audit activity most likely should A.Promote ethics...

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Accounting

In the governance process, the internal audit activity most likely should

  • A.Promote ethics and values.

  • B.Coordinate the activities of the external and internal auditors and management.

  • C.Evaluate the process for performance management.

  • D.Communicate risk and control information.

The internal audit activity periodically assesses the elements of the ethical climate of the organization and its effectiveness in achieving legal and ethical compliance. Internal auditors therefore evaluate the effectiveness of which of the following?

  1. Regular reviews of the processes that undermine the ethical culture
  2. Confidential reporting of alleged misconduct
  3. Personnel practices that encourage contributions by employees

  • A.1 and 2 only.

  • B.2 and 3 only.

  • C.1, 2, and 3.

  • D.1 and 3 only.

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