According to the International Professional Practices Framework, Internal Auditors Should

question 422

Multiple Choice

According to the International Professional Practices Framework, internal auditors should possess which of the following competencies?

• A) Proficiency in applying internal auditing standards, procedures, and techniques. II. Proficiency in accounting principles and techniques. III. An understanding of management principles. IV. An understanding of the fundamentals of economics, commercial law, taxation, finance, and quantitative methods.
• B) I only
• C) II only
• D) I and III only
• E) I, III, and IV only

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Definitions:

Group Living

The behavior of living together in organized communities or closely knit groups for mutual benefits such as protection, cooperation, and socialization.

Hunting Success

The rate or efficiency with which a predator can capture and kill its prey.

Whooping Cranes

A species of large North American birds, known for their distinctive whooping call and falling under severe threat of extinction.

Imitative Behavior

The act of mimicking or copying the actions, behaviors, or traits of others, commonly observed in social species for learning or adaptation purposes.