Which of the Following Is the Role of an Internal

question 38

Multiple Choice

Which of the following is the role of an internal auditor in an organization?

• A) To establish the controls for the organization
• B) To write the code of ethical business conduct for the organization
• C) To test the system of internal controls in order to attest that there are no material weaknesses
• D) To assist management with the evaluation of internal controls currently in place

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Definitions:

Shares

Units of ownership interest in a corporation or financial asset, representing a portion of the company's capital.

Initial Margin

The portion of the purchase price that an investor must deposit when buying securities on margin.

Purchase GM Stock

The action of buying shares in General Motors Company, an American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Shares

Shares represent units of ownership interest in a corporation or financial asset, providing an equal distribution in any profits, if any are declared, in the form of dividends.