Which of the following is not an appropriate type of coordination between the internal audit activity and regulatory auditors?
Which of the following is not an appropriate type of coordination between the internal audit activity and regulatory auditors?
Internal auditors perform tasks independently to maintain their objectivity and impartiality. It would not be appropriate for internal auditors to perform fieldwork at the direction of regulatory auditors, as this would compromise their independence. Coordination may involve sharing information and perspectives or reviewing reports, but direct supervision or direction from regulatory auditors is inappropriate.
B is correct. Internal auditors typically maintain independence and objectivity in their assessments, and they should not be directly directed by external auditors or regulatory auditors.