How Does Internal Auditing Help an Organization

question 10

Multiple Choice

How does Internal Auditing help an organization?

• A) It reduced the cost of external auditors having to spend as many billable hours during the audit because the internal auditor does most of the work.
• B) It helps and organization by providing more credibility to the pubic so they will gain additional investors.
• C) It brings the organization into compliance with several Federal and State mandated programs.
• D) It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

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Definitions:

Demographic Variables

Characteristics of populations, such as age, gender, income, and education, that are used in social science research to study differences or changes in a group.

Poverty Correlated

The relationship between poverty and various factors, indicating how certain conditions are more likely to occur among the impoverished.

Least Likely

Refers to the option or outcome with the lowest probability of occurring in a given set of circumstances.

Live In Poverty

This describes individuals or households whose income falls below a certain poverty line, indicating a lack of sufficient resources to meet basic living expenses.