Internal auditors should preferably report to the chief accounting officer of the company.
This statement is False.
An internal auditor is an auditor appointed by our board of directors to perform the internal audit function. Although company employees usually act as internal auditors, some companies appoint outside experts as internal auditors.
An Internal Auditor (IA) is a trained professional who prepares an independent and objective evaluation of a company's financial and operational activities. They are used to ensure that businesses follow proper procedures and operate efficiently.
Internal audit helps organizations achieve their objectives by adopting a systematic and disciplined approach to assessing and improving the effectiveness of risk management, control, and governance processes. ”
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