To Promote Operational Efficiency, the Internal Audit Department Would Ideally

question 87

Multiple Choice

To promote operational efficiency, the internal audit department would ideally report to:

• A)line management.
• B)PCAOB.
• C)Chief Accounting Officer.
• D)audit committee.

---

Definitions:

Form 944

A tax form used by small employers to report annual federal tax liabilities to the Internal Revenue Service (IRS).

Form 941

A quarterly tax form filed by employers to report income taxes, social security tax, or Medicare tax withheld from employee's paychecks.

Independent Contractors

Independent contractors are individuals or entities contracted to perform work for or provide services to another entity as non-employees, typically on a contract or freelance basis.

Form W-2

A tax form used in the United States to report wages paid to employees and the taxes withheld from them.