Internal audit means

The correct answer is: B. Audit undertaken internally to evaluate management functions.

An internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Internal audits are conducted by employees of the organization, and they are designed to evaluate the effectiveness of management’s performance in carrying out its responsibilities. Internal audits can be either financial or operational