Which of the following statervents concerning internal Eudit is TRUE? Internal audit reports both to executve mansgement and the board of directors Iniemal audit tests intemal controls to provide assurance of their eflectryenoss Internal audit is an independent function of the corrpany. Al of these aftwer choices are correct. QUESTION 7 When a control applies specifically to a software tool and the business processes and accounts that are inwed to it, this control is ciassified as and physical control IT application control. IT general control. A of these answer choices are correct QUESTION 8 Which of the following scotements concerning the cosO Enterprise Risk Maridgemenc integrating with Stratiegy and Pentormance Frameworkis TRue? The 2017 release of the tramevork includes four objectives and elght components for frms to reference in regard to risk management The 2017 release of the framework updated the framevork fo focus more on strategy and less on risk The 2017 retease of the framework utitzos the COSO Cube to present and interpret the components The 2017 release of the tramework updaled the sinvework to reflect the importance of isk namagement in strategic planning