This is an internal audit question. Pls give a detailed answer for above question.

important role in evaluating the effectiveness of control systems, and contribute to ongoing effectiveness. Because of lits] 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. COSO is quoted in this chapter as follows: "Internal auditors play an a. Is an organization's internal audit function part of the organization's system of internal controls? If your answer to this question 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 organization's system of internal controls.If your answer to the question is no, explain the internal audit function's role relative to the organization's system of internal controls. b. 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