Internal auditors are responsible for:   A) Issuing a certification report on the internal controls. B) Auditing the financial statements. C) The day-to-day monitoring of internal controls. D) Preparation of the financial statements.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Internal auditors are responsible for:

 

A) Issuing a certification report on the internal controls.

B) Auditing the financial statements.

C) The day-to-day monitoring of internal controls.

D) Preparation of the financial statements.

Expert Solution
Step 1

Internal Control:

The process by which an organization develops the rules and regulations for the effective management of the organization is referred to as an internal control system. Examples include authorization, verification, and reporting of financial transactions.

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