Which of the Following Statements Is Not Correct with Regards

question 18

Multiple Choice

Which of the following statements is not correct with regards the differences between internal and external audit?

• A)External auditors report primarily to shareholders while internal auditors report primarily to the board via the audit committee.
• B)External auditors' work is governed by international auditing standards while internal auditors' work is governed by the IIA's Professional Practices Framework.
• C)External auditors' area of focus is organisation wide while internal auditors' area of focus is finance and accounting.
• D)External auditors do not include recommendations in their auditor's report while internal auditors do include such recommendations in their report.

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Definitions:

Capital Owners

Individuals or entities that own assets that can be used to produce goods or services and potentially generate income.

Stay-at-home Fathers

Men who choose to remain at home to care for their children and manage household duties instead of working for pay outside the home.

Workplace

Refers to any location, environment, or setting where individuals engage in work-related activities or occupations.

Equilibrium Wage

is the wage rate at which the supply of labor equals the demand for labor in the labor market.