Which Statement Most Accurately Describes How Criteria Are Established for Use

question 184

Multiple Choice

Which statement most accurately describes how criteria are established for use by internal auditors in determining whether goals and objectives have been accomplished?

• A) Management is responsible for establishing the criteria.
• B) Internal auditors should use professional standards or government regulations to establish the criteria.
• C) The industry in which a company operates establishes criteria for each member company through benchmarks and best practices for that industry.
• D) Appropriate accounting or auditing standards, including international standards, should be used as the criteria.

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Definitions:

Confusing Expectations

Situations where the demands or goals set by oneself or others are unclear, contradictory, or difficult to satisfy, leading to uncertainty or conflict.

Time-bound Goals

Objectives set with a specific timeframe in mind, ensuring they are measurable and attainable within a predetermined period.

Measurability

The capacity to be quantified or measured, often applied in research, evaluation of projects, or performance metrics.

Compliments

Positive or flattering comments or gestures that show appreciation, admiration, or praise for someone's qualities, achievements, or performance.