Auditing · Internal Audit
The independence of an internal audit function is best ensured when it:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Operates under the direct supervision of the Chief Financial Officer (CFO)
- 2Coordinates exclusively with external auditors
- 3Reports functionally to the audit committee and administratively to management✓
- 4Reports directly to the operational heads of various departments
Correct answer
Reports functionally to the audit committee and administratively to management
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