To Operate Effectively, Internal Auditors Must Be

question 69

Multiple Choice

To operate effectively, internal auditors must be:

• A) contracted by the organisation subject to audit.
• B) independent of the line functions within an organisation.
• C) members of either the Institute of Chartered Accountants in Australia or CPA Australia.
• D) registered with ASIC and meet minimum professional development requirements.

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Definitions:

Data

Data consists of facts, statistics, or items of information often used as a basis for analysis, discussion, or calculation.

Elementary Description

A basic and fundamental explanation or representation of a subject.

Transactions

Operations or exchanges between parties, often involving the transfer of goods, services, money, or information.

Knowledge

Information, understanding, and skills gained through education or experience; the theoretical or practical understanding of a subject.