For the Highest Degree of Independence,the Director of Internal Auditing

question 48

Multiple Choice

For the highest degree of independence,the director of internal auditing should report directly to:

• A)The controller.
• B)The audit committee of the board of directors.
• C)The executive vice-president.
• D)The chief accountant.

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Definitions:

Efficiently Designed Initiatives

Initiatives planned and executed with optimal resource utilization and effectiveness.

Transactional Leaders

Leaders who focus on the exchange process between themselves and their followers, emphasizing clear structures, tasks, and rewards for meeting objectives.

Transformational Leadership

A leadership style that inspires and motivates followers to achieve extraordinary outcomes by transforming their attitudes and assumptions.

Anticipating Future Trends

The practice of predicting upcoming changes in areas such as consumer behavior, technological advancements, and market dynamics.