Which of the Following Is Not One of the Types

question 65

Multiple Choice

Which of the following is not one of the types of internal audits?

• A)A review of the corporate organizational structure and reporting hierarchies.
• B)An examination of procedures for reporting and disposing of hazardous waste.
• C)A review of source documents and general ledger accounts to determine integrity of recorded transactions.
• D)A comparison of estimates and analysis made before purchase of a major capital asset to actual numbers and results achieved.

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Definitions:

Macroeconomist

An economist specializing in the study of large-scale economic factors and phenomena, including inflation, unemployment, and national income.

Foreign Competition

The competitive pressure that domestic companies face from international firms in either domestic or global markets.

Macroeconomist

An economist who specializes in macroeconomics, the branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

Normative Statement

Statements that express an opinion or a value judgment, often involving what ought to be rather than what is.