What Is a Compliance Audit

question 42

Multiple Choice

What is a compliance audit?

• A)an audit to determine whether the entity has conformed with regulations, rules or processes
• B)an assessment of the economy, efficiency and effectiveness of an organization's operations
• C)an evaluation and improvement of risk management, internal control procedures and elements of the governance process
• D)an assessment of the company's financial statements

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Definitions:

Confederates

In experimental psychology, individuals who seem to be participants but are actually part of the research team, used to manipulate social interactions as part of the experiment.

Experimental Group

In an experiment, this group is exposed to the variable being tested, contrasting with the control group, which is not exposed to the variable.

Independent Variable

In experimental and research settings, the variable that is manipulated to observe its effects on a dependent variable.

Internal Validity

The degree to which a study establishes a trustworthy cause-and-effect relationship between a treatment and an outcome.