Economics · Corporate Governance
The internal audit department's reporting structure creates a key threat to its ethical principles. To whom should the internal audit department ideally report to ensure a higher degree of independence and objectivity?
- 1The company's bank and other finance providers.
- 2The company's external auditors, as they are independent third parties.
- 3The audit committee, consisting of independent non-executive directors.✓
- 4The shareholders of Westeros Ltd.
Correct answer
The audit committee, consisting of independent non-executive directors.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Corporate Governance?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Corporate Governance