According to the Institute If Internal Auditors, the Best Description

question 10

Multiple Choice

According to the Institute if Internal Auditors, the best description of internal auditing is that it:

• A) certifies the reliability and integrity of financial and operating information.
• B) furnishes management with information needed to effectively discharge its responsibilities.
• C) appraises the economy and efficiency with which resources are used.
• D) reviews the means of safeguarding assets and verifies the existence of those assets.

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Definitions:

Duty Driven

Motivated by a sense of obligation or responsibility towards certain tasks or principles, regardless of personal gain.

Ethical Theory

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.

Bonuses

Bonuses are additional financial incentives given to employees or individuals beyond their regular salary or earnings, typically as a reward for performance or achieving specific targets.

Thriving

A state of flourishing or prospering, often characterized by vigorous growth, success, or well-being.