Which of the Following Statements Is True of Internal Auditing

question 124

Multiple Choice

Which of the following statements is true of internal auditing?

• A) The primary client is the investor in the company.
• B) The primary nature of services include assurance and consulting.
• C) The parties receiving assurance are regulatory agencies and stockholders.
• D) Internal auditing must be responsible for gathering evidence in all audits, including external audits.

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Definitions:

Training Purpose

The primary goal or outcome that an educational or skill-development activity aims to accomplish.

Socialized

The process of learning and adopting the norms, values, and behaviors of a group or society.

Organization

An arranged group of people with a particular purpose, such as a business or government department.