Which of the following is NOT a part of the role of internal auditors in relation to the five components of internal controls?

• A. Evaluating the effectiveness of internal controls
• B. Assuming responsibility for management's control environment
• C. Designing and implementing internal controls
• D. Providing recommendations for improving internal controls

Answer: (B)

Verified step by step guidance

1. Understand the five components of internal controls: control environment, risk assessment, control activities, information and communication, and monitoring activities.
2. Recognize the role of internal auditors, which includes evaluating the effectiveness of internal controls and providing recommendations for improvement.
3. Clarify that internal auditors do not assume responsibility for management's control environment, as this is the responsibility of management itself.
4. Differentiate between designing and implementing internal controls (a management responsibility) and evaluating or recommending improvements (an auditor's role).
5. Conclude that the correct answer is the option stating 'Assuming responsibility for management's control environment,' as this is not part of the internal auditor's role.