Accounting · Internal Audit
Which of the following recommendations are appropriate for increasing the independence of an internal audit department? (1) The chief internal auditor should be appointed by the board of directors. (2) The chief internal auditor should report directly to the board of directors / audit committee. (3) The finance director should solely decide on the scope of the internal audit work.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(1), (2) and (3)
- 2(2) and (3) only
- 3(1) and (3) only
- 4(1) and (2) only✓
Correct answer
(1) and (2) only
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