What Is the Position of the U

question 41

Multiple Choice

What is the position of the U.S. Securities and Exchange Commission (SEC) with respect to internal auditing?

• A) It requires all companies, including foreign enterprises, listed on U.S. stock exchanges to have an internal audit function.
• B) Since 2000, the SEC has been silent with respect to internal auditing.
• C) Internal auditing is recommended by the SEC, but it is not required for listed companies.
• D) Only multinational companies are required to have internal auditing systems.

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Definitions:

Bronfenbrenner's

Refers to the ecological systems theory proposed by Urie Bronfenbrenner, which emphasizes the importance of different environmental systems in human development.

Bandura's

Relates to the theories of Albert Bandura, particularly his work on social learning theory, which suggests that people learn behaviors, morals, and values through observing others.

Piaget's

Pertaining to the developmental theory proposed by Jean Piaget, focusing on how children acquire knowledge and their ability to think and reason.

Vygotsky's Theory

A psychological theory developed by Lev Vygotsky, emphasizing the importance of social interaction and culture in cognitive development.