According to the Standards, the Organizational Status of the Internal

question 110

Multiple Choice

According to the Standards, the organizational status of the internal audit activity:

• A) Must be sufficient to permit the accomplishment of its audit responsibilities.
• B) Is best when the reporting relationship is direct to the board of directors.
• C) Requires the board's annual approval of the audit schedules, plans, and budgets.
• D) Is guaranteed when the charter specifically defines its independence.

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Definitions:

Receptor Protein

A molecule usually found on cell membranes that receives chemical signals from outside a cell, triggering an internal response.

Membrane Channel Protein

Membrane channel proteins are integral parts of cellular membranes, facilitating the selective transport of ions and molecules across the membrane.

Peripheral Protein

Proteins that are located on the outer surfaces of the lipid bilayer of cell membranes, not embedded within the lipid layer but often attached to integral proteins.

Protein Synthesis

The process by which cells produce proteins by decoding the information contained within genes.