Which of the Following Statements Is True of Internal Auditing

question 124

Multiple Choice

Which of the following statements is true of internal auditing?

• A) The primary client is the investor in the company.
• B) The primary nature of services include assurance and consulting.
• C) The parties receiving assurance are regulatory agencies and stockholders.
• D) Internal auditing must be responsible for gathering evidence in all audits, including external audits.

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Definitions:

Systolic blood pressure

The pressure in the arteries when the heart beats and fills them with blood.

Population mean

The average of a set of characteristics or values for the entire population.

Confidence interval estimate

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, given a specified level of confidence.

Standard deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values in a data set are.