Which of the Following Would Be Considered in Determining Whether

question 62

Multiple Choice

Which of the following would be considered in determining whether an internal audit department is independent?

• A)The organizational level of the chief audit officer and the objectivity of the audit staff.
• B)A requirement for the auditors to report to the audit committee and the composition of the audit committee.
• C)The organizational status of the audit committee and the individual independence of internal auditors in the department.
• D)The nature of the audit charter and the objectivity of the audit staff.Question also found in textbook

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Definitions:

Mound-Shaped Distribution

Another term for a normal distribution, characterized by its bell-shaped curve that is symmetrical around the mean.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the values in the set differ from the mean.

Mean Sales

The average revenue from sales over a specific period of time.

Bell-Shaped

A description of a graph or distribution that is symmetrical and rounded at the top, resembling the shape of a bell, typically indicative of a normal distribution.