Internal Auditors

question 23

Multiple Choice

Internal auditors

• A) are hired by CPA firms to audit business firms.
• B) are employees of the IRS who evaluate the internal controls of companies filing tax returns.
• C) evaluate the system of internal controls for the companies that employ them.
• D) cannot evaluate the system of internal controls of the company that employs them because they are not independent.

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Definitions:

Slope-intercept Form

An equation of a straight line in the format y = mx + b, where m is the slope and b is the y-intercept.

Slope

The measure of the steepness of a line on a graph, defined as the ratio of the vertical change to the horizontal change between two points on the line.

General Form

A way of expressing something that is not specific to any particular case but can apply broadly across instances.

Equation

A claim within mathematics that equates two expressions as being identical.