Question

Which of the following is not a responsibility of internal auditors regarding fraud prevention, deterrence, and detection?

A. Develop an approach the organization can use to sustain antibribery principles in every country in which the organization operates.
B. Raise fraud awareness within the organization, including encouraging the audit committee and senior management to set the proper "tone at the top."
C. Support audit committee oversight in ensuring management has implemented an effective system of internal controls.
D. Monitor the annual disclosure of whether the organization has a code of ethics that covers its chief executive officer (CEO) and senior financial officers.

Answer 1

Internal auditors are not responsible for developing an approach to sustain antibribery principles in every country

Step-by-step explanation:

Develop an approach the organization can use to sustain antibribery principles in every country in which the organization operates.

Internal auditors are responsible for various tasks related to fraud prevention, deterrence, and detection. However, developing an approach to sustain antibribery principles in every country in which the organization operates is not typically a responsibility of internal auditors. This task is usually handled by the organization's management and legal department, in consultation with external advisors. Internal auditors play a crucial role in supporting audit committee oversight, raising fraud awareness, and monitoring the implementation of effective internal controls.