Question

The scope of which is wider –
(A) Internal control
(B) Internal checking
(C) Internal audit
(D) None of the above

Answer 1

Answer:

internal audit

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Answer 2

Among the given options internal audit has the widest scope.

• Internal audit refers to total internal inspections of an organization by a private and separate body to review and evaluate the security and systematic working of the organization.
• It helps in the risk management, governance, and control systems of the organization. It is very crucial for achieving the objectives.
• It can also help review the compliance with government laws and regulations.