Role of internal audit function (Learning Objective 3) The following table lists several characteristics. Place a check mark next to those items that pertain directly to the internal audit function and its role within the organization. S1-4 Check () if related to internal auditing Characteristic a. Reports directly to the audit committee b. Reports to treasurer or controller c. Is part of the Accounting Department d. Helps to ensure that the company's internal controls are functioning properly e. Performs the same function as independent certified public accountants f. Usually reports to a senior executive (CFO or CEO) for administrative matters g. External audits can be performed by the Internal Auditing Department h. Required by the ochange (NYSE) if company stock is publicly traded on the NYSE Ensures that the company achieves its profit goals