CIA Part 1 Practice Questions - CIA Part 1 - Essentials Of Internal Auditing (Internal Audit Fundamentals) Exam

According to Domain I of the Global Internal Audit Standards, what is the purpose of internal auditing?

To ensure compliance with all applicable laws and regulations To strengthen the organization's ability to create, protect, and sustain value by providing independent, risk-based, and objective assurance, advice, insight, and foresight To detect and prevent fraud within the organization To prepare financial statements for external reporting

Correct Answer:

To strengthen the organization's ability to create, protect, and sustain value by providing independent, risk-based, and objective assurance, advice, insight, and foresight

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