The General Standards for the Professional Practice of Internal Auditing

question 51

Multiple Choice

The general standards for the professional practice of internal auditing include the following:
-The internal auditing department should possess or should obtain the knowledge, skills, and disciplines needed to carry out its audit responsibilities.
_____

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

Understand the strategies for improving consideration and interpersonal skills in leadership.

Recognize the importance and structure of effective team building and management.

Understand the concept of leadership styles and the theories supporting or discrediting the notion of an overall best leadership style.

Recognize the evolving nature of leadership in the modern workplace and identify strategies young managers can adopt to be effective.

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Definitions:

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported.

Free-Trade Policies

Government policies aimed at reducing or eliminating barriers to trade between countries, such as tariffs and quotas, to encourage international commerce.

GATT

The General Agreement on Tariffs and Trade, a legal agreement between many countries, aimed at promoting international trade by reducing or eliminating trade barriers such as tariffs or quotas.

World Trade Organization

An international body established to promote and regulate trade between member countries.