When a Firm Uses Internal Auditors, It Is Adhering to Which

question 17

Multiple Choice

When a firm uses internal auditors, it is adhering to which of the following internal control elements?

• A) risk assessment
• B) monitoring
• C) proofs and security measures
• D) information and communication

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Definitions:

Sample

A specimen or part of something used to show the quality or nature of the whole.

Model

A representation, often simplified, used to describe or simulate a process, system, or concept to promote understanding or predict outcomes.

Waive Warranties

involves the voluntary act of relinquishing one's legal right to enforce warranty claims against a seller.

Express Warranties

Explicit guarantees provided by a seller regarding the quality, condition, or performance of a product.