Which of the Following Would Be Considered an Independence Issue

question 25

Multiple Choice

Which of the following would be considered an independence issue for an internal auditor?

• A)The company decreased every department's budget,including internal audit,by 5%.
• B)The auditors participated in the employee stock plan and,therefore,owned stock in the company.
• C)The CAE reports directly to the audit committee.
• D)The controller had authority to change the audit schedule before being sent to management and the audit committee.

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Definitions:

Heterozygous

Having two different alleles at the same locus on homologous chromosomes.

Homozygous Dominant

A genetic condition where an individual has two copies of the same dominant allele for a particular trait.

Homozygous Recessive

A genetic condition where an individual has inherited two identical recessive alleles for a specific trait.

Restriction Enzymes

Enzymes used in molecular biology to cut DNA at specific sequences, allowing for DNA manipulation.