Which of the Following Statements About Financial Audits Is True

question 86

Multiple Choice

Which of the following statements about financial audits is true?

• A) Audits can only be conducted by experts who are not employees of the organization.
• B) Financial audits are always internal to an organization.
• C) Audits are used to monitor accounting and financial systems within an organization.
• D) Organizational operating systems are not audited.
• E) Publicly held corporations are required by law to have internal audits regularly.

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Definitions:

Desegregation

The process of ending racial segregation in institutions and venues such as schools, buses, and public facilities, often through legal and social reforms.

Freedom Rides

A series of bus trips through the American South in 1961 by civil rights activists to challenge racial segregation in interstate bus terminals.

Sit-Ins

A form of protest in which individuals occupy an area, refusing to move to bring attention to a cause or injustice, often used during the civil rights movement.

Racial Justice

The systematic fair treatment of people of all races that results in equitable opportunities and outcomes for everyone.