Internal Auditors Are Considered Part of the Audit Committee

question 38

True/False

Internal auditors are considered part of the audit committee.

---

Definitions:

Contract

A promise or set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty.

Agency Status

The condition of acting on behalf of another person or entity with the authority to make decisions, transactions, or investments.

Disclosing

The act of making known or revealing information that was previously private or secret.

Property Damage

Physical harm or destruction caused to someone's property, including buildings, vehicles, and personal possessions.