Which of the following best describes the internal audit activity's responsibility within a risk and control framework?

Question

Nathalie Agustin · Accepted Answer

The internal audit activity verifies that management has met its responsibility for implementing effective controls.

Nathalie Agustin · Answer

The internal audit activity constitutes the first line of defense in effective risk management.

Nathalie Agustin · Answer

The internal audit activity provides direction regarding internal controls implementation.

Nathalie Agustin · Answer

The internal audit activity implements the internal control framework and advises management regarding best practices.

List of questions