Internal Auditors Should Report Their Findings to ____, According to Experts

question 42

Multiple Choice

Internal auditors should report their findings to ____, according to experts.

• A) the corporate treasurer
• B) the Internal Revenue Service
• C) all employees
• D) the head of accounting
• E) the organization's top executive

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Definitions:

Incomplete Disposition

The failure to fully deal with or dispose of an asset or a legal matter.

Trust Property

Refers to assets held in a trust, managed by a trustee on behalf of the beneficiaries of the trust according to the terms of the trust agreement.

Resulting Trust

A trust that is implied by law to effectuate the presumed intention of the parties involved, often arising when a property transfer does not fit the characteristics of an express trust.

Settlor's Intent

The purpose or intention expressed by a settlor when creating a trust, directing how the trust assets should be managed and distributed.