The General Standards for the Professional Practice of Internal Auditing

question 91

Multiple Choice

The general standards for the professional practice of internal auditing include the following:
-Internal auditors should review operations or programs to ascertain whether results are consistent with established objectives and goals and whether the operations or programs are being carried out as planned.
_____

• 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:

Equilibrium Combination

A state in which market supply and demand balance each other, resulting in stable prices and quantities.

Marginal Utility

The change in overall satisfaction derived from the consumption of an additional unit of a good.

Health Care Consumption

Encompasses the use of health care services, goods, and resources by individuals or communities.

Insurance

A financial product that provides protection against potential future losses or damages in exchange for a premium.