According to IIA Guidance, Which of the Following Should Be

question 169

Multiple Choice

According to IIA guidance, which of the following should be considered when creating policies and procedures for the internal audit activity (IAA) ?

• A) Number of auditors, complexity of audit activities, and structure of the IAA.
• B) Number of auditors, complexity of audit activities, and audit staff skills and competencies.
• C) Number of auditors, structure of the IAA, and audit staff skills and competencies.
• D) Complexity of audit activities, structure of the IAA, and audit staff skills and competencies.

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Definitions:

Utility Levels

Measures of satisfaction or happiness that consumers derive from consuming goods and services.

Indifference Curve

A graph representing different bundles of goods between which a consumer is indifferent, showing preferences.

Marginal Utility

Marginal utility refers to the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

E-books

Digital versions of books that can be read on electronic devices such as tablets, e-readers, or computers.