What Reason Can Be Given for the Importance of Internal

question 22

Multiple Choice

What reason can be given for the importance of internal auditing in multinational corporations?

• A) A serious lack of external auditors available to audit an international company
• B) A growing demand for risk management skills possessed by internal auditors
• C) Reluctance by multinational corporations to hire external auditors to comply with international regulations
• D) Decline in the reputation of external auditors

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Definitions:

Wildlife Stocking Programs

Initiatives aimed at replenishing or introducing species into natural habitats for conservation or recreational purposes.

Tax Shifting

The process whereby the economic burden of a tax is passed from one group to another, such as from producers to consumers.

Excise Tax

A charge on the manufacturing, trading, or utilization of a product within a country.

Tax Burden

The Tax Burden represents the total amount of taxes paid by individuals or businesses, often expressed as a percentage of income or GDP.