From a modern internal auditing perspective, which one of the following statements represents the most important benefit of

For Banks & Micro Finance;

C. Assurance that the organization is complying with legal requirements.

for Companies & Corporate Sector

B. Assurance that fraudulent activities will be detected.

Detection of Fraudulent Activiies

To check the proper compliance of bye laws

Reasonable control over day to day operations

Option C as it gives Senior Management of an organisation the comfort that they are operating within legal boundaries in its jurisdication.

Answer C is suitable to Banks  

Answer D  is suitable to other companies

B. Assurance that fraudulent activities will be detected

Option "d" is the most important objective/ benefit of an internal audit.