The General Standards for the Professional Practice of Internal Auditing

question 28

Multiple Choice

The general standards for the professional practice of internal auditing include the following:
-Internal auditors must comply with professional standards of conduct.
_____

• 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:

Overhead Applied

The allocation of indirect costs to specific production activities or cost objects.