Are external audits required for the Sub Deb Club, and who typically conducts them?

Are external audits required for the Sub Deb Club, and who typically conducts them?

• A. External audits are never required.
• B. Internal staff conduct all audits on a quarterly basis.
• C. Audits are always conducted by the organization’s own board.
• D. External audit may be required by bylaws or funding bodies; a certified public accountant or audit firm conducts the audit and reports.

Answer: (D)