Which of the following is not a category of objectives of internal control per the COSO Internal Control Framework Please make sure the answer is right

Which of the following is not a category of objectives of internal control per the COSO Internal Control Framework
Please make sure the answer is right

Pick the best answer

1) Which of the following is not a category of objectives of internal control per the COSO Internal Control Framework?

A) Reliability of financial reporting
B) Achievement of strategic objectives
C) Effectiveness and efficiency of operations
D) Compliance with laws and regulations
E) All of the above are categories of objectives of internal control
2) The internal audit activity’s role in the risk management process of an organization may not encompass:

A) No role
B) Auditing the risk management process as part of the internal audit plan.
C) Facilitating identification of risks
D) Accountability for risk management
E) Participation on oversight committees, monitoring activities, and status reporting.
3) The IIA Code of Ethics specifically prohibits a CAE from receiving stock options.

A) True
B) False
4) Which of the following is true about internal vs. external auditing?

A) Internal auditing reports to the external auditors
B) Internal auditing is more focused on financial reporting than external auditing
C) Many of the tool and techniques in auditing are common to both internal and external auditing
D) External auditors cannot rely on any of the work done by internal auditing
E) Both have the same definition of the term “independence.”

5) Which of the following is not part of the definition of internal auditing?

A) Risk management

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