Day: April 1, 2026

Many of the procedures undertaken by the internal auditor are very similar to those performed by the external auditor.

Which ONE of the following may NOT be performed by the internal auditor if the internal auditor is to operate effectively?

Select ONE answer:

1. Expressing an opinion on the truth and fairness of the financial statements
2. Monitoring of internal controls
3. Making recommendations regarding improvements to controls
4. Examining and testing financial information

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct – Expressing an opinion on the truth and fairness of the financial statements is done by the external auditor only.
2. Not correct
3. Not correct
4. Not correct

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