Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?

The correct answer is C. Validating whether employees are following established policies and procedures in the. According to IIA guidance, a common assurance service performed by the internal audit activity is validating whether employees are following established policies and procedures in various departments, such as procurement. Assurance services involve assessing evidence and…

Managing the Internal Audit Activity

Question

Options

AProposing fine item recommendation lot the annual financial budget of the accounting department
BMaking recommendations regarding financial approval authority limits for the operations
CValidating whether employees are following established policies and procedures in the
DGenerating expense report metrics for employees in the finance department

How the community answered

(43 responses)

A
2% (1)
B
2% (1)
C
88% (38)
D
7% (3)

Explanation

According to IIA guidance, a common assurance service performed by the internal audit activity is validating whether employees are following established policies and procedures in various departments, such as procurement. Assurance services involve assessing evidence and providing conclusions regarding the effectiveness of governance, risk management, and control processes. Ensuring compliance with established policies and procedures is a fundamental assurance activity that helps organizations maintain control and mitigate risks.

Topics

#assurance services#compliance testing#policies and procedures#internal audit services

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