What is the role of internal auditing? A. To subsitute for the external auditor whenever possible. B. To provide assurance and consulting services to improve n organization\'s operations C. To assist the audit committe in negiations with the external auditor D. To mediate disagreements between the external auditor and corporate management Solution The Institute of Internal Auditors (\"IIA\") offers the following description: \"Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organizations\' 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.\" Thus answer to our question is B The provide assurance and consulting services to improve an organization\'s operations. Apart from this there are many other roles and responsibilities that internal auditors have to perform: .