The function of internal auditing, as related to internal financial reports, would be to: a. Ensure compliance

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Question:

The function of internal auditing, as related to internal financial reports, would be to:
a. Ensure compliance with reporting procedures.
b. Review the expenditure items and match each item with the expenses incurred.
c. Determine if there are any employees expending funds without authorization.
d. Identify inadequate controls that increase the likelihood of unauthorized expenditures.