Which of the Following Is Not a Primary Reason for Outsourcing

question 194

Multiple Choice

Which of the following is not a primary reason for outsourcing a portion of the internal audit activity?

• A) To gain access to a wider variety of skills, competencies and best practices.
• B) To complement existing expertise with a required skill and competency for a particular audit engagement.
• C) To focus on and strengthen core audit competencies.
• D) To provide the organization with appropriate contingency planning for the internal audit function.

Analyze the dynamics of group behavior and intergroup conflicts.

Differentiate between passionate and companionate love in relationships.

Comprehend various routes of persuasion and their applications.

Identify methods through which attitudes are developed and changed.

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Definitions:

Bad Debts Expense

The cost associated with the estimated amount of receivables that a company is unable to collect from its customers.

Balance Sheet Approach

A method used for estimating uncollectible accounts by analyzing the accounts receivable on the balance sheet.

Bad Debts Expense

The portion of receivables that are estimated to be uncollectible due to customer defaults.

Bad Debts Recovered

Income received from previously written-off accounts receivable that have unexpectedly been collected.