Which of the Following Best Describes the Scope of Internal

question 14

Multiple Choice

Which of the following best describes the scope of internal auditing as it has developed to date?

• A)Internal auditing involves appraising the economy and efficiency with which resources are employed.
• B)Internal auditing involves evaluating compliance with policies,plans,procedures,laws,and regulations.
• C)Internal auditing has evolved to verifying the existence of assets and reviewing the means of safeguarding assets.
• D)Internal auditing has evolved to more of an operational orientation from a financial orientation.

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Definitions:

Chunking

A memory strategy involving organizing information into manageable units or chunks to enhance memory retention and retrieval.

Verbal Coding

An approach in cognitive psychology that refers to the use of words to encode information in the memory.

Short-Term Memory

The component of memory where small amounts of information can be stored for a short period of time.

Sensory Registers

Memory systems that temporarily hold incoming sensory information from the environment, allowing it to be processed further.