Question

The primary objective of an Internal Audit, as opposed to a Statutory Audit, is to:

A Express an opinion on the true and fair view of financial statements
B Ensure compliance with accounting standards
C Evaluate and improve the effectiveness of risk management, control, and governance processes
D Detect fraud and embezzlement
E Fulfil a legal requirement under the Companies Act
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RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
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