External Auditors Would Consider Internal Auditors Effective If They

question 52

Multiple Choice

External auditors would consider internal auditors effective if they

• A) are independent of the operating units being evaluated.
• B) are competent and well trained.
• C) apply a systematic and disciplined approach, including quality control.
• D) all of the above.

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Definitions:

Title Insurance

Insurance to protect against loss from disputes over ownership of a property or from defects in the property's title.

Defect

A flaw or imperfection in a product or system that fails to meet a certain standard or expectation, potentially causing harm or failure.

Title

Legal ownership of property, including the rights to use, possess, and transfer the property.

U.S. Constitution

The foundational legal document establishing the framework of the federal government and outlining the rights of American citizens.