An Internal Auditor's Report Should Contain Five Elements for Each

question 102

Multiple Choice

An internal auditor's report should contain five elements for each finding.Which of the following are the correct elements?

• A)Condition,criteria,cause,effect,recommendation.
• B)Condition,relevance,cause,effect,recommendation.
• C)Condition,evidence,cause,effect,recommendation.
• D)Condition,relevance,evidence,effect,recommendation.

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Definitions:

Securities Transaction

The process of buying, selling, or trading securities, such as stocks or bonds, in financial markets.

Registration Statement

A set of documents, including a prospectus, filed with the Securities and Exchange Commission for a company intending to issue new securities to the public.

Waiting Period

A designated time span that must pass before the coverage of an insurance policy begins or before a specific action is permitted.

Tombstone Advertisement

A simple and straightforward advertisement typically used in the finance sector to announce a public offering.