The Internal Audit Function and the Accounting Functions Should Not

question 104

True/False

The internal audit function and the accounting functions should not be segregated in order to increase a company's internal control.

---

Definitions:

Performance Measures

Quantitative indicators used to assess how well an individual, organization, or system is performing against expected objectives.

Strategic Business Unit

A division or unit within a larger company that focuses on a specific market segment or product line, operating with its own strategy and objectives.

Merit Pay

A salary increase awarded to employees based on their job performance, acting as a motivational tool by rewarding high performers.

Unit Performance

The measurement of the efficiency, effectiveness, and productivity of a specific department or operational unit within an organization.