The General Standards for the Professional Practice of Internal Auditing

question 29

Multiple Choice

The general standards for the professional practice of internal auditing include the following:
-Internal auditors should review the means of safeguarding assets and, as appropriate, verify the existence of such assets.
_____

• A)Independence,
• B)Professional Proficiency,
• C)Scope of Work,
• D)Performance of Audit Work, and
• E)Management of the Internal Auditing Department.

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Definitions:

Status Generalization

The process by which pre-existing status differences among individuals influence their status within a new or different social group, leading to a reinforcement of societal hierarchies.

Formal Structure

The official organization of roles, responsibilities, and communication channels within an organization.

Informal Structure

An unofficial network within an organization, built around personal relationships and social networks, rather than structured hierarchically.

Status Structure

The hierarchical organization of individuals within a group or society based on their status or rank.