Q27
Internal audit is done:
A.
Before external audit
B.
After external audit
C.
Parallel to external audit
AnswerD.
Vertical to external audit
Answer: Option C
Solution
Answer: Option C
Solution:
Internal audit is done Parallel to external audit. An external audit is an examination that is conducted by an independent accountant. This type of audit is most commonly intended to result in a certification of the financial statements of an entity.