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A. Assist the external auditor in order to reduce external audit fees.
B. Perform studies to assist in the attainment of more efficient operations.
C. Serve as the investigative arm of the board.
D. Serve as an independent, objective assurance and consulting activity that adds value to operations.
D. Serve as an independent, objective assurance and consulting activity that adds value to operations.
The correct option is >>>>>>>>>>> (D)
D is the answer becuase it is main purpose is to make some change in the nearest time to achive yearly objective or long term objective.
D is the appropriate choice....
Option "D" is the most appropriate one
D) is the correct answer.
Internal auditor's work can be utilised by the external auditor, but it is the external auditor's choice; so audit fee may not be reduced.
Internal auditors report to the "audit committee which is made up of independent non-executive directors"; the chief executive officer; not the executive board of directors.
Internal auditor is supposed as an investigative arm of the board, as they directly work within scope set to them by board and then report about their work to them.
B. Perform studies to assist in the attainment of more efficient operations.
C. Serve as the investigative arm of the board.
Option D is the right answer.
