Which of the Following Would Not Be Considered an Internal

question 14

Multiple Choice

Which of the following would not be considered an internal user of accounting data?

• A)The president of a company
• B)The controller of a company
• C)A creditor of a company
• D)A salesperson of a company

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Definitions:

Internal Audit Staff

A department or team within a company that conducts independent evaluations of its operations, controls, and compliance with laws and regulations.

Accounting Errors/Irregularities

Unintentional or intentional misstatements or omissions in financial statements resulting from oversight, misinterpretation, or fraud.

SEC

The United States Securities and Exchange Commission is a federal entity tasked with the enforcement of federal securities legislation and the oversight of the securities sector.

Accounting Irregularities

Deviations from standard accounting practices, often indicating error or fraud, which can lead to misstated financial reports.