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:

GDP

Gross Domestic Product; the total value of all goods and services produced over a specific time period within a country.

Per Capita GDP

The average economic output per person, calculated by dividing the Gross Domestic Product (GDP) of a country by its total population.

GPI

Genuine Progress Indicator, an alternative measure to GDP that takes into account the environmental and social costs of economic activity.

Per Capita Real GDP

A measure of a country's economic output that accounts for its number of people, adjusting for inflation to represent the value of goods and services produced per person.