The Purpose of an Internal Auditor's Review for Effectiveness of the Internal

question 16

Multiple Choice

The purpose of an internal auditor's review for effectiveness of the internal control structure is to ascertain whether:

• A)the system is functioning efficiently and economically.
• B)the system is functioning as intended.
• C)financial and operating data are reliable.
• D)the entity's goals and objectives have been achieved.

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Definitions:

Business Meeting

A formal gathering of individuals within or between organizations to discuss business matters, make decisions, or share information.

Drinks

Drinks refer to liquids that are consumed, which can include a variety of beverages such as water, soda, tea, coffee, and alcohol.

Mobile Phone

A portable telephone that can make and receive calls over a radio frequency while moving around a wide geographic area.

Text And Email

Forms of digital communication where text messages are sent over cellular networks and emails are exchanged through internet services.