Which of the following should an internal auditor possess in order to fulfill the responsibilities of the internal audit activity?
Which of the following should an internal auditor possess in order to fulfill the responsibilities of the internal audit activity?
An internal auditor must have an understanding of management principles to assess and identify deviations from good practices within an organization. This understanding allows the auditor to evaluate whether the management is adhering to established standards and practices, which is crucial for effective internal auditing. Proficiency in other areas such as management, accounting, or internal audit standards is supplemental, but understanding management principles is the primary necessity for evaluating and ensuring good practices.
Why not C?