Who Should Perform an Internal Audit

question 112

Multiple Choice

Who should perform an internal audit?

• A) A private auditing firm
• B) The organization's accounting department
• C) Representative managers and employees from throughout the firm
• D) A small team of top-level managers
• E) The chief executive officer

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Definitions:

Aggregate Inflation

Aggregate inflation refers to the overall general increase in prices across the economy, reducing the purchasing power of money.

Unemployment

The failure to use all available economic resources to produce desired goods and services; the failure of the economy to fully employ its labor force.

Command Economies

Economic systems where the government controls the production, distribution, and consumption of goods and services.

Positive Statement

An objective statement based on fact that can be tested and validated, often used in the description of economic behaviors.