The Standards for the Professional Practice of Internal Auditing Include

question 88

Multiple Choice

The standards for the professional practice of internal auditing include all of the following except:

• A) professional proficiency.
• B) performance of audit work.
• C) management of the accounting department.
• D) independence.
• E) scope of work.

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Definitions:

Delivery Dependability

A measure of the reliability of a supplier or a service in delivering products or services on time and in the correct condition.

Competing Companies

Businesses that are in direct rivalry with one another, offering similar products or services in the same market.

Warranties On Purchases

Guarantees provided by a seller to a buyer ensuring the quality and performance of a product for a certain period.

Maintain More Than One Supply Source

The strategy of sourcing materials or products from multiple suppliers to reduce dependency on a single source.