Which is not one of the five directives from the IIA's Statement of Responsibilities of Internal Auditing that are included in most charters?
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A. Appraise the economy and efficiency with which resources are employed; B. Review the means of safeguarding assets and, as appropriate, verify the existence of such assets; C. Review the systems established to ensure compliance with those policies, plans, procedures, laws, regulations, and contracts which could have a significant impact on operations and reports, and determine whether the organization is in compliance; D. Review the reliability and integrity of financial and operating information and the means used to identify, measure, classify, and report such information; E. Create operations or programs to ascertain whether results are consistent with established objectives and goals and whether the operations or programs are being carried out as planned.
The answer to this question is letter E. It is not the responsibility of Internal Auditing to create operations, or programs to ascertain whether results are consistent with established objectives and goals, and whether the operations or programs are being carried out as planned. All of the other statements that are mentioned above are responsibilities of the Internal Auditing.
Internal auditing should always make it a point to check the current data that they acquire from different departments of the company. It is their goal to make sure that the finances are all in good, working order. If the internal audit would not do a good job, there are some illegal transactions that may go by undetected until such time when it would truly be problematic for the company.