To Be Effective, an Internal Auditor Must Be Critical of Any

question 26

True/False

To be effective, an internal auditor must be critical of any improprieties or deficiencies found in the financial activities of the firm.

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Definitions:

Civil Lawsuits

Legal disputes between individuals or entities over rights, obligations, or damages that do not involve criminal charges.

Res Ipsa Loquitur

Res ipsa loquitur is a legal doctrine that allows a presumption of negligence to be established based on the mere occurrence of certain types of accidents, without the need for direct evidence of a defendant's behavior.

Negligence Per Se

A legal doctrine where an act is considered negligent because it violates a statute or regulation, thereby causing harm to a person that the statute was designed to protect.

Assumption of Risk

A legal doctrine stating that an individual knowingly and voluntarily assumes the risk of an activity, thereby relieving another party from liability for harm caused during the activity.