A Best Practice Is to Have an Oversight of the Internal

question 13

Multiple Choice

A best practice is to have an oversight of the internal audit function as a responsibility of which of the following?

• A) Management.
• B) Internal auditors.
• C) Audit committee.
• D) External auditors.

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Definitions:

SIPC

SIPC stands for the Securities Investor Protection Corporation, which is a nonprofit organization that insures investors' securities and cash in the event a brokerage firm goes bankrupt or faces financial difficulties.

Brokerage Firm

A company that acts as an intermediary between buyers and sellers of financial securities, providing investment services and advice.

Dark Pools

Private financial forums or exchanges for trading securities not accessible by the public.

Trading Volume

The total quantity of shares or contracts traded for a specified security within a specified timeframe.