What Is the Role of Internal Auditing

question 46

Multiple Choice

What is the role of internal auditing?

• A) To substitute for the external auditor whenever possible
• B) To provide assurance and consulting services to improve an organization's operations
• C) To assist the audit committee in negotiations with the external auditor
• D) To mediate disagreements between the external auditor and corporate management

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Definitions:

Full Functionality

The full range of features or operations that a system, device, or application is designed to perform.

SSDs

Solid State Drives; a type of non-volatile storage media that stores data on flash memory and has no moving parts, offering faster access and lower latency.

Reality

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.

Computer-generated

Refers to imagery, audio, or video that has been created or manipulated using computer software, often used in simulation, entertainment, or design.