The Process of Performing an Internal Audit, Compared to the External

question 66

True/False

The process of performing an internal audit, compared to the external audit, provides more opportunity for participants to understand how their jobs, departments, and divisions fit into the whole organization.

---

Definitions:

Real Benefit

The actual advantageous impact received from a product, service, or action, beyond any superficial gains.

Internal Recruiting

Is the process of looking inside the organization for existing qualified employees who might be promoted to higher-level positions.

Stagnation

A period of slow economic growth or decline, often marked by high unemployment and underused production capacity.

Creativity

The ability to produce original and valuable ideas or solutions.