In an Internal Audit Function,the Nature of Independence Is Different

question 81

True/False

In an internal audit function,the nature of independence is different than that of an external auditor.

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Definitions:

Intra Vires

Within the powers; an action taken by an entity that is within the scope of its legal authority.

Charter of Rights

A formal document outlining the fundamental freedoms and rights of the citizens, typically protected by law against government infringement.

Provincial Government

The government of a province or state, responsible for governing regional-specific laws and policies.

Constitution Act

A fundamental law or set of laws that establishes the governing framework of a nation, outlining the powers of government and rights of the citizens.