The Key Issues for an External Auditor Evaluating a Client's

question 42

Multiple Choice

The key issues for an external auditor evaluating a client's internal audit function are the:

• A) competence and professionalism of internal audit staff.
• B) timing and scope of the internal audit's work.
• C) size of the internal audit function and its reporting independence.
• D) quality of internal audit work and the independence of the internal audit function.

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Definitions:

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud that emphasizes unconscious processes and unresolved past conflicts.

Pessimistic Explanatory

A tendency to explain negative events as being prevalent, unchangeable, and indicative of personal failure.

Defeat

The state of having lost a competition or battle, or failing to achieve success.

Increased Effort

The act of dedicating more energy or work towards achieving a particular goal or task.