Internal Auditors Who Are Concerned with Potential Risks Due to the Mishandling

question 252

Multiple Choice

Internal auditors who are concerned with potential risks due to the mishandling of records or transactions should take into consideration:

• A) The type and nature of the activities to be examined.
• B) Whether employees in key positions of trust are bonded.
• C) The history of losses suffered by the company.
• D) The results of prior risk assessments.

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Definitions:

Paraffin Bath

A therapeutic treatment that uses warm paraffin wax to relieve pain, stiffness, and inflammation in the joints, often used in physical therapy.

Mineral Oil

A colorless and odorless oil obtained from petroleum and used as a laxative, moisturizer, or lubricant.

Deep Heat Penetration

The process by which heat is transferred deeply into the tissues of the body, commonly used in therapeutic treatments.

Chronic Illness

Long-term health conditions that persist for a year or more, requiring ongoing medical attention and/or limiting daily activities.