Take the following as truth: A point was also made that the role of the internal auditors, specifically their cooperation and coordination with the external auditors and the board of directors, should be improved, which ultimately could improve the quality of financial reporting and the external audit.
Then the following statement: "The overall quality of the financial reporting and external audits relies on the internal auditors and the role they play." is true, false, or inconclusive?
Answer: Inconclusive