Which of the following tasks is NOT typically performed by internal auditors?

The task of setting organizational strategies is not typically performed by internal auditors because their primary role focuses on assessing and improving the effectiveness of risk management, control, and governance processes within an organization. Internal auditors evaluate existing processes, ensure compliance with laws and regulations, and assess the reliability of financial reporting by conducting various forms of auditing, such as testing financial statements and compliance evaluations. Reporting on audit findings is also a key part of their responsibilities, as it helps management and the board understand the outcomes of audits and any necessary recommendations for improvements.

In summary, internal auditors concentrate on evaluating the organization's current practices and risks, rather than being involved in the strategic planning or setting of organizational objectives. Their role is more about providing assurance and insights based on their findings rather than defining the strategic direction of the credit union or organization.