Which of the Following Factors Is Not Considered in Assessing

question 9

Multiple Choice

Which of the following factors is not considered in assessing the quality of the internal audit?

• A) Quality of working-paper documentation, reports, and recommendations.
• B) Review of quality of audit policies, programs, and procedures.
• C) Attestation services as demanded by market place.
• D) Educational level and professional experience.

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Definitions:

Sales

The total amount of goods or services sold by a business, contributing to its revenue.

Average Payables Period

A financial metric that calculates the average number of days it takes a company to pay its vendors and suppliers.

Account Payables

Accounts payable refers to short-term financial obligations or debts a company owes to its suppliers or creditors for goods and services received.

Annual Cost

The total expenses incurred by a company or individual in one year.