Which of the following scenarios would most significantly restrict the areas where interna! audit could perform assurance services?

Question

Vusani Nedzungani · Accepted Answer

The internal audit activity reports functionally to the chief financial officer

Vusani Nedzungani · Answer

Regulators mandate specific audit engagements to be included in the audit plan.

Vusani Nedzungani · Answer

The internal audit activity reports administratively to the CEO and functionally to the audit committee.

Vusani Nedzungani · Answer

The internal audit activity reports administratively to the chief financial officer.

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