Which statement most accurately reflects the primary objective of internal auditing in a modern organizational context? A. To monitor employee attendance and recommend disciplinary action, B. To assist management by offering marketing strategies and sales forecasts, C. To evaluate and improve the effectiveness of risk management, control, and governance processes, D. To develop product innovations and lead customer outreach programs
Internal Auditing

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University
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1.
FLASHCARD QUESTION
Front
Back
To evaluate and improve the effectiveness of risk management, control, and governance processes
2.
FLASHCARD QUESTION
Front
Which of the following is a benefit of internal auditing? A. It makes employees do extra work, B. It helps the company improve and prevent problems, C. It replaces the need for company rules, E. It controls the internet usage of employees
Back
It helps the company improve and prevent problems
3.
FLASHCARD QUESTION
Front
3. Which of the following best explains the strategic role of internal auditing within an organization?
Back
Offering independent assurance that governance, risk management, and control processes are operating effectively
4.
FLASHCARD QUESTION
Front
4. Which of the following best describes the role of internal auditing as an organizational capability? Options: A. A routine task focused only on compliance, B. A department that handles payroll and HR policies, C. A strategic, value-adding function that supports success and resilience, D. A support team responsible for daily operational execution
Back
A strategic, value-adding function that supports success and resilience
5.
FLASHCARD QUESTION
Front
Which of the following is a function of internal auditing related to risk and governance? A. Launching marketing campaigns, B. Creating financial reports for customers, C. Evaluating governance structures and identifying risks, D. Managing employee leave and benefits
Back
Evaluating governance structures and identifying risks
6.
FLASHCARD QUESTION
Front
6. How does internal auditing contribute to stakeholder confidence?
Back
By enhancing transparency and evaluating ethical governance.
7.
FLASHCARD QUESTION
Front
What is one way internal auditing strengthens risk management? A. By detecting potential risks early, B. By increasing company profits, C. By improving customer service, D. By reducing marketing expenses
Back
By detecting potential risks early
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