| Item |
Weighted Mean |
Verbal Interpretation |
| The company has a functional internal audit unit/department |
3.11 |
N |
| The timing of the audit in the company is appropriate |
3.28 |
N |
| The internal audit unit in the company has developed an internal audit manual that guides audit operations such as planning, implementation, monitoring, and evaluation. |
3.23 |
N |
| Internal audit findings are reported directly to top management |
3.21 |
N |
| The internal audit unit in the company plays a major role in fraud detection and prevention |
3.22 |
N |
| Recommendations of the internal audit unit are taken very seriously in the company |
3.40 |
A |
| The internal auditors demonstrate professionalism and on objective approach |
3.27 |
N |
| The organization management has processes in place to assess whether control within each of the five components of internal control are present and functioning as intended |
3.26 |
N |
| The organization management takes adequate and timely actions to correct deficiencies reported by the internal audit function, financial and programmatic monitoring activities |
3.37 |
N |
| The internal audit department conducts its work independent of the management |
3.10 |
N |
| Average Weighted Mean |
3.24 |
N |
