Question

nternal auditing is a company function that: select one: a. audits the firm's financial statements and expresses an opinion on them b. provides independent appraisals of the company's financial statements, its internal control, and its operations c. prepares the firm's income tax returns d. all of the above

Answer 1

Internal auditing provides independent appraisals of a company's financial statements, internal control, and operations to ensure accuracy and compliance. Therefore, the correct option is B.

Step-by-step explanation:

The correct answer is (b) provides independent appraisals of the company's financial statements, its internal control, and its operations. Internal auditing is a company function that evaluates and assesses the effectiveness of a company's internal control structure.

It helps ensure that the company's financial statements are accurate and reliable, and that the company's operations are conducted in compliance with applicable laws and regulations.