Final answer:
The primary focus of internal audit is to determine the adequacy of the internal control system within an organization, aiming to ensure that internal controls effectively mitigate risks and that governance processes are efficient. The correct option is B.
Step-by-step explanation:
The focus of internal audit is primarily to determine the adequacy of the internal control system. An internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.
It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The internal audit aims to ensure that internal controls are adequate to mitigate the risks, governance processes are effective and efficient, and organizational goals and objectives are met.
Moreover, the findings of an internal audit can lead to recommendations for improving processes, policies, and procedures within an organization.
Therefore, while the internal audit may touch upon aspects like the reasonableness of the compliance program, the logic of policies and procedures, and the consistency of business practices, its main purpose remains centered on the internal control system of the organization.