Which of the Following Statements Is NOT Related to Competency

question 374

Multiple Choice

Which of the following statements is NOT related to competency principle of internal auditing? Internal auditors:

• A) Shall continually improve their proficiency and effectiveness and quality of their services
• B) Shall perform internal auditing services in accordance with the standards for the professional practice of internal auditing
• C) Shall engage only in those services for which they have the necessary knowledge, skills and experience
• D) Shall disclose all material facts known to them that, if not disclosed, may distort the reporting of activities under review

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Definitions:

Analytics-Based Application

An analytics-based application uses data analysis and statistical methods to provide insights, supporting decision-making processes in various fields like business, healthcare, and technology.

Artificial Intelligence

The simulation of human intelligence in machines that are programmed to think and learn like humans.

Price Optimization

The use of data analysis to determine the best price points for goods or services to maximize revenue or profit.

Upselling

A sales technique where a seller induces the customer to purchase more expensive items, upgrades, or other add-ons to generate more revenue.