When an Independent Auditor Decides That the Work Performed by Internal

question 34

Multiple Choice

When an independent auditor decides that the work performed by internal auditors may have a bearing on the nature, timing and extent of contemplated audit procedures, the independent auditor should plan to evaluate the objectivity of the internal auditors.Relative to objectivity, the independent auditor should:

• A)consider the organisation level to which internal auditors report the results of their work.
• B)review the quality control program in effect for the internal audit staff.
• C)examine the quality of the internal audit reports.
• D)consider the qualifications of the internal audit staff.

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Definitions:

Incentive Pay

A compensation system designed to reward employees based on their performance, achievements, or the attainment of specific targets, aiming to motivate and improve productivity.

Personally Meaningful

Something that holds significant personal value or relevance to an individual, often tied to individual experiences or beliefs.

Realistic Job Previews

An HR technique that provides potential employees with a true picture of what their jobs will entail, helping to reduce turnover by setting appropriate expectations.

Recruiting Process

The sequence of steps an organization takes to attract, select, and hire new employees effectively.