Internal audit is considered best practice but is not required by law Which of the...

The internal audit function can help the audit committee have confidence in the fraud prevention systems within the company

The internal audit function can provide independent assurance of the financial policies applied to the financial statements

The internal audit function can report back to the audit committee if controls are not as effective as they should be

The internal audit function can help the audit committee to discharge their responsibilities for the ongoing monitoring of the risk in the company