A Strong and Effective Internal Control Environment Can Be Enhanced

question 3

Multiple Choice

A strong and effective internal control environment can be enhanced by:

• A) Financial statements that present fairly financial position and results of operations
• B) Giving the internal auditors direct and unrestricted access to the audit committee
• C) Having the internal auditors report to the external auditors
• D) Having the external auditors report to the audit committee

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Definitions:

SaaS

Software as a Service, a cloud computing offering that provides users with access to a vendor's cloud-based software.

IaaS

Infrastructure as a Service is a model of cloud computing that offers virtual computing resources via the internet.

Operating System

System software that manages computer hardware, software resources, and provides common services for computer programs, enabling the user interface with the computer hardware.

Private Clouds

IT infrastructures that are accessible only by a single entity or by an exclusive group of related entities that share the same purpose and requirements, such as all the business units within a single organization.