It Is Important for a Chief Audit Executive to Seek

question 428

Multiple Choice

It is important for a chief audit executive to seek formal approval from the board regarding an internal audit charter so that:

• A) The effectiveness of the internal audit activity can be measured.
• B) The status of the internal audit activity can be more clearly established.
• C) There is assurance that all internal audit activities will be completed.
• D) Improvements can be implemented in internal audit processes.

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Definitions:

Birth Order

The chronological order of sibling births in a family, which is believed to influence personality and behavior.

Social Interest

A concept introduced by Alfred Adler, referring to an individual's attitude towards and awareness of being a part of the human community and showing concern for the welfare of others.

Dreams

A series of thoughts, images, and sensations occurring in a person's mind during sleep.

Depressed Persons

Individuals experiencing a persistent feeling of sadness or loss of interest, which affects their daily functioning.