Which of the Following Statements Is True of Auditing

question 44

Multiple Choice

Which of the following statements is true of auditing?

• A) External audits tend to be more expensive than internal audits.
• B) External audits are handled by employees of the organization.
• C) Publicly held corporations are required by law to have internal audits regularly.
• D) All organizations are required to have a permanent internal auditing staff.
• E) Organizations contract with certified public accountants for external audits.

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Definitions:

Best Behavior

This term describes how individuals act in their most polite, courteous, or well-mannered way, typically in socially important situations.

Attachment Drive

An innate psychological mechanism that drives individuals to seek closeness and bonding with significant others for emotional security.

Sex Drive

The basic, biological urge or desire for sexual activity or behavior in humans and other animals.

Sexual Intimacy

The experience of physically and emotionally close and personal interaction within a sexual relationship.