Which of the Following Is a Performance Standard Under the International

question 35

Multiple Choice

Which of the following is a performance standard under the International Standards for the Professional Practice of Internal Auditing?

• A) proficiency and due professional care
• B) independence and objectivity
• C) requirement that the internal audit must be a CPA
• D) engagement planning

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Definitions:

Tincture

A solution where a solute is dissolved into alcohol, used primarily in medicine or herbalism.

Bid

An offer made by an individual or company to buy a good or service, or to perform a job at a specified price.

Tid

An abbreviation for "ter in die," which is Latin for "three times a day"; commonly used in medical prescriptions to indicate dosing frequency.

Prn

An abbreviation for the Latin phrase "pro re nata," meaning "as the situation demands," often used in medical prescriptions to indicate taking medicine as required.