Which of the Following Exemplifies the Role of an Internal

question 16

Multiple Choice

Which of the following exemplifies the role of an internal auditor?

• A) Chloe classifies the transactions of Pole Star, Inc. and records it in the books of accounts.
• B) Chloe reports on the sufficiency of the insurance policies taken out on the assets of Pole Star, Inc.
• C) Chloe reports on the financial position of Pole Star, Inc. at the end of the accounting period.
• D) Chloe assists the management of Pole Star, Inc. to determine the taxes and tax benefits..

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Definitions:

Jack Johnson

Jack Johnson was the first African American world heavyweight boxing champion, known for his groundbreaking career and challenges to racial barriers in the early 20th century.

Federal Reserve Act

A law enacted in 1913 that established the Federal Reserve System, which is the central banking system of the United States, designed to provide the country with a safer, more flexible, and more stable monetary and financial system.

Central Banking System

The institution that manages a country's currency supply, monetary policy, and financial institutions, usually aiming to ensure economic stability.