Question 1
Internal auditors are responsible to
◦ the board of directors.
◦ management.
◦ both the board of directors and management.
◦ neither the board of directors nor management.
Question 2
Statements on Internal Auditing Standards are issued by the
◦ AICPA.
◦ SEC.
◦ Internal Auditing Standards Board.
◦ Auditing Standards Boards.