Which of the Following Activities Best Reflects the Scope and Status

question 39

Multiple Choice

Which of the following activities best reflects the scope and status of the internal audit activity as defined in the internal audit policy statement?

• A) The internal auditor reviews the physical access to merchandise during an inventory count.
• B) The audit manager conducts an internal quality assessment of the internal audit activity's adherence to the Standards.
• C) The audit manager refrains from assigning an auditor who was a former payroll clerk to conduct a payroll audit.
• D) The board approves the annual performance evaluation of the chief audit executive.

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Definitions:

Vision

An aspirational description of what an organization or individual would like to achieve or accomplish in the mid-term or long-term future.

Performance with Passion

The commitment to excelling in one's efforts or tasks, driven by intense enthusiasm and dedication.

Indra Nooyi

A successful business executive known for her leadership as the former CEO of PepsiCo.

Leadership

The act of guiding or directing a group towards achieving a common goal through influence, strategy, and motivation.