An Internal Auditor Is Likely to Be More Concerned with _________________

question 36

Multiple Choice

An internal auditor is likely to be more concerned with _________________ than the external auditor.

• A) Internal administrative procedures
• B) Cost accounting procedures
• C) The efficiency of operations
• D) Internal control

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Definitions:

Illegal Act

Any action that is forbidden by law or statute and subject to criminal punishment or civil liability.

Assignment

The relocation of legal titles, belongings, or commitments from one party to another party.

Original Owner

The initial owner of an asset or property, typically before its sale, transfer, or conveyance to another party.

Jointly and Severally Liable

A legal term indicating that all parties involved can be held responsible individually or collectively for all aspects of liability.