Which the Following Activities Should Be Performed by the Internal

question 182

Multiple Choice

Which the following activities should be performed by the internal audit activity to facilitate an effective relationship with the audit committee? 1. Periodically report about the accounting standards followed by the organization. 2. Provide assurance to the audit committee that its charter, activities, and processes are appropriate. 3. Ensure that the role and activities of the internal audit activity are clearly understood and responsive to the needs of the audit committee. 4. Maintain open and effective communications with the audit committee.

• A) 1 and 2 only
• B) 3 and 4 only
• C) 1, 3, and 4 only
• D) 2, 3, and 4 only

---

Definitions:

Formal Operations

refers to the final stage in Piaget's cognitive development theory, characterized by the ability to think abstractly and logically.

Sensory-Motor

Pertaining to the neural processes that integrate sensory input with motor output.

Preoperational

The stage of cognitive development in Piaget's theory, characterized by symbolic thinking, egocentrism, and a lack of logical reasoning.

Accommodation

The process by which the eye's lens changes shape to focus on near or distant objects, or in psychology, altering one's beliefs to make them compatible with reality.