What Is the Primary Difference Between Internal and External Auditors

question 19

Multiple Choice

What is the primary difference between internal and external auditors?

• A)the methodology used to conduct financial statement audits
• B)the level of competence required
• C)the parties to whom the auditor is responsible
• D)the level of objectivity required

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Definitions:

Cohesiveness

The degree to which members of a group or team are united and work together to achieve a common goal.

Person Perception

The process of forming impressions and making judgments about the characteristics and motives of others.

Activated Automatically

Processes or responses that occur without conscious control or effort.

Reduced Efficiency

A decline in the effectiveness or productivity of a process, system, or mechanism, often resulting in lower output or increased waste.