To Provide for the Greatest Degree of Independence in Performing

question 65

Multiple Choice

To provide for the greatest degree of independence in performing internal auditing functions,an internal auditor most likely should report to the:

• A)Financial vice-president.
• B)Corporate controller.
• C)Audit committee.
• D)Corporate stockholders.

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Definitions:

Expenses Saved

Costs that are avoided due to an action not taken or a change in circumstances.

Seller Resells

The act of selling a product or service again, typically after buying it from the original seller or manufacturer.

In Transit

Describes goods that are currently being transported from one location to another.

Carrier-ready

A term indicating that a product, particularly in telecommunications, is prepared and available for deployment or distribution by a carrier network.