Hi, I need help trying to answer these Internal Auditing question:

Info:

COSO is quoted in this chapter as follows: Internal auditors play an important role in evaluating the effectiveness of control systems, and contribute to ongoing effectiveness. Because of [its] organizational position and authority in an entity, an internal audit function often plays a significant monitoring role. Answer the following questions related to this quote.

Question:

1. Is an organizations internal audit function part of its system of internal controls?

*If your answer is yes, explain how the internal audit function can evaluate the design adequacy and operating effectiveness of internal controls and at the same time remain independent of the organizations system of internal controls.

*If your answer is no, explain the internal audit functions role relative for the organizations system of internal controls.

2. If monitoring is, by definition, a component of internal control for which management is responsible, is it really appropriate for the internal audit function to perform monitoring activities? Explain your answer.