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The objectives of Internal Audit Procedures/Operations Manual do not include: A. Provide guidelines in planning and...

The objectives of Internal Audit Procedures/Operations Manual do not include:
A. Provide guidelines in planning and performance of audits and ensure consistency
B. Educateauditstaffoninternalauditfunction’smethodsofoperationand provide linkage to related standards, policies and procedures
C. DetailthepositionofInternalAuditfunctioninthefirmanditsrelationshipto the other units/departments
D. Be an electronic storage facility for detailed work papers of all completed audits

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Answer #1

The correct option is (D) i.e. Be an electronic storage facility for detailed work papers of all completed audits

The objectives of Internal Audit Procedures/Operations Manual includes:-

Provide guidelines in planning and performance of audits and ensure consistency

Educateauditstaffoninternalauditfunction’smethodsofoperationand provide linkage to related standards, policies and procedures

DetailthepositionofInternalAuditfunctioninthefirmanditsrelationshipto the other units/departments

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