When Performing an Operational Audit, the Internal Audit Team Must

question 96

Multiple Choice

When performing an operational audit, the internal audit team must first determine that

• A) a financial audit has been performed by an independent auditor.
• B) a financial audit has been performed by an internal auditor.
• C) a review was performed by either an independent or an internal auditor.
• D) specific criteria are developed to define effectiveness.

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Definitions:

Elaborative Rehearsal

A method of memory consolidation that involves thinking about the meaning of the term to be remembered, rather than simply repeating the word to oneself.

Serial Position Effect

A phenomenon of memory that states people tend to remember the first and last items in a series best, and the middle items worst.

STM

Short-Term Memory, a capacity for holding a small amount of information in mind in an active, readily available state for a short period of time.

LTM

Long-term memory, which refers to the storage of information over extended periods of time.