Which of the Following Statements About Financial Audits Is True

Multiple Choice

Which of the following statements about financial audits is true?

A) Audits can only be conducted by experts who are not employees of the organization.
B) Financial audits are always internal to an organization.
C) Audits are used to monitor accounting and financial systems within an organization.
D) Organizational operating systems are not audited.
E) Publicly held corporations are required by law to have internal audits regularly.