PCA Corporation Maintains Its Fixed Asset Records in an Excel

Multiple Choice

PCA Corporation maintains its fixed asset records in an Excel spreadsheet, as well as in its general ledger software. An internal auditor for PCA downloaded the Excel spreadsheet, then verified the information in it against both the general ledger software and the actual fixed assets in use. Which of the following statements is most true?

A) Internal auditors should not be viewed as a form of internal control.
B) PCA is legally required to follow the CoBIT accountability framework, which includes internal auditors, to meet the information criterion of compliance.
C) The internal auditor's actions help PCA achieve integrity in its information.
D) Information about fixed assets is confidential; the internal auditor's actions conflict with the information criterion of confidentiality.