According to the Recent Definition of Internal Audit Provided by the Institute

question 15

Multiple Choice

According to the recent definition of internal audit provided by the Institute of Internal Auditors, the principal benefit to management of there being an internal audit function is that:

• A)it aids management in the areas of risk management, control and governance processes.
• B)management is provided with assurance that the organisation is complying with legal requirements.
• C)management is provided with assurance that fraudulent activities will be detected.
• D)external audit costs are reduced.

---

Definitions:

NLRA

The National Labor Relations Act, a foundational statute in United States labor law which protects the rights of employees to organize and bargain collectively.

Majority

The greater part or number; in a voting context, it refers to more than half of the votes.

Union

An organized association of workers formed to protect and further their rights and interests; typically involved in labor negotiations and bargaining with employers.

NLRB Rule

Regulations established by the National Labor Relations Board that govern labor practices and union-employer relations in the United States.