The Internal Audit Activity's Primary Responsibility in a Review or Examination

Multiple Choice

The internal audit activity's primary responsibility in a review or examination of the organization by an external regulatory body is to:

A) Verify that regulatory reviews occur with adequate frequency.
B) Provide follow-up to determine if the regulator's findings are appropriately resolved by management.
C) Prepare documentation for the regulator.
D) Document the responses to the regulator's findings.