Which of the Following Is a Main Function of Internal

question 20

Multiple Choice

Which of the following is a main function of internal auditing in multinational corporations?

• A) Preparing the annual report to corporate shareholders
• B) Selecting independent members for the board of directors
• C) Helping external auditors with the financial statement audit
• D) Monitoring risks and assessing their effect on the company

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Definitions:

Competitive Bidding

A procurement process where suppliers submit price bids to win a contract to provide goods or services.

Outsourcing

The business practice of hiring parties outside a company to perform services or create goods traditionally performed in-house.

Supply-Chain Strategy

The planning and execution of all logistics and operations management processes to efficiently align production, distribution, and inventory.

Low-Cost

Referring to products, services, or strategies that require minimal financial outlay while aiming to maintain acceptable or competitive quality and performance.