Which of the Following Activities Would Internal Auditors NOT Typically

question 53

Multiple Choice

Which of the following activities would internal auditors NOT typically perform in a large company?

• A) Evaluate internal controls
• B) Assist with increasing the efficiency of operations
• C) Prepare the primary financial statements
• D) Detect fraud

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by an economy in real terms.

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to adjust nominal GDP to real GDP.

Inflation Rate

The frequency at which the overall price of goods and services inflates, reducing the effectiveness of the purchasing capacity.

Nominal GDP

The gross domestic product measured in current prices, without adjustment for inflation, representing the value of all finished goods and services produced within a country's borders in a specific time period.