Which of the Following Is a Difference Between an Internal

question 15

Multiple Choice

Which of the following is a difference between an internal auditor and an external auditor?

• A) An internal auditor conducts the audit because a deficiency has been identified, whereas an external auditor conducts audits on a recurring basis.
• B) An internal auditor manages accounting and internal control of an organization, whereas an external auditor examines the financial data of an organization.
• C) An internal auditor's reports are used by the users of the financial statements, whereas the external auditor's reports are used by the management and internal auditor.
• D) An internal auditor reports on the level of compliance with a company's internal policies, whereas the external auditor reports on the level of compliance with external laws and regulations.

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Definitions:

Grains

Seeds of grasses cultivated for food, a staple in many diets around the world, such as wheat, rice, and corn.

Vegetables

Various plant parts consumed by humans as food including leaves, roots, flowers, seeds, and stalks.

Fruits

The seed-bearing structures of flowering plants that are often sweet or sour and consumed as food.

Olive Oil

A healthy fat obtained from olives, known for its heart-healthy monounsaturated fats and antioxidants.