Your Organization Has Selected You to Develop an Internal Audit

question 32

Multiple Choice

Your organization has selected you to develop an internal audit activity.Your approach will most likely be to hire

• A)internal auditors each of whom possess the skills required to handle all engagements.
• B)inexperienced personnel and train them the way the organization wants them trained.
• C)degreed accountants because most internal audit work is accounting related.
• D)internal auditors who collectively have the knowledge and skills needed to perform the responsibilities of the internal audit activities.

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Definitions:

Inspiratory Capacity

The maximum amount of air an individual can inhale after completing a normal, restful exhalation, important in respiratory assessments.

Tidal Volume

The amount of air moved into or out of the lungs during a normal breath.

Residual Volume

Residual volume is the amount of air left in the lungs after a forceful exhalation, important for preventing lung collapse and maintaining gas exchange.

Expiratory Reserve Volume

The additional amount of air that can be forcibly exhaled after the completion of a normal, quiet exhalation.