Which of the Following Is Not True with Regard to the Internal

question 69

Multiple Choice

Which of the following is not true with regard to the internal audit charter?

• A) It defines the authorities and responsibilities of the internal audit activity.
• B) It specifies the minimum resources needed for the internal audit activity.
• C) It provides a basis for evaluating the internal audit activity.
• D) It should be approved by senior management and the board.

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Definitions:

Fluid Intelligence

The capacity to solve novel problems, reason abstractly, and adapt to new situations, without relying on pre-existing knowledge.

Accumulated Knowledge

The total information and skills that an individual has gathered over a period of time from experiences, education, and training.

Heritability

A measure of how much of the variation in a trait among a population can be attributed to genetic differences.

Genetic Variation

Differences in the DNA sequence among individuals, which contribute to the uniqueness of each person's physical and behavioral characteristics.