To Operate Effectively, Internal Auditors

question 69

Multiple Choice

To operate effectively, internal auditors:

• A) report on the financial statements of the organisation.
• B) are independent of the organisation.
• C) are independent of the line functions in an organisation.
• D) none of the above

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Definitions:

Hiring Freeze

A temporary halt on the recruitment of new employees, typically implemented to reduce costs or reevaluate staffing needs.

Corporate Social Performance

A company's effectiveness in meeting its societal obligations, contributing positively to its stakeholders and the environment.

Downsizing

The reduction of an organization's workforce to improve its efficiency, cut costs, or realign its structure, often resulting in layoffs or elimination of positions.

Long-Term Profitability

The sustained ability of a company to generate earnings over an extended period, ensuring its viability and growth.