To Operate Effectively, Internal Auditors Must Be

question 70

Multiple Choice

To operate effectively, internal auditors must be:

• A) registered with ASIC and meet minimum professional development requirements.
• B) independent of the line functions within an organisation.
• C) contracted by the organisation subject to audit.
• D) members of either the Institute of Chartered Accountants in Australia or CPA Australia.

---

Definitions:

Given Quantity

A specified amount or number of items, often used in contexts where exact measurements are crucial, such as in recipes, manufacturing, or mathematical problems.

Route Sheet

A document detailing the operations sequence, tools, and machinery needed for manufacturing a part, serving as a guide for production planning and control.

Model Life Cycles

The series of stages that a model, such as a product, service, or project model, goes through from its initiation and development to its decline and eventual discontinuation.

Time-Based Competition

Competition based on time, rapidly developing products and moving them to market.