Which of the following situations undermines the independence of the internal audit activity?

Question

Kong Yew Kuen · Accepted Answer

The internal audit activity is responsible for the company's risk management function and its head manager reports to the chief audit executive

Kong Yew Kuen · Answer

A senior member of the internal audit activity once worked in the corporate finance department

Kong Yew Kuen · Answer

The organization's CEO reviews the internal audit activity's annual budget per the organization's policies and procedures

Kong Yew Kuen · Answer

The internal audit activity often uses management's risk profile to build its own nsk profile for annual planning

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