Which of the Following Is Not an Essential Component of the Audit

question 94

Multiple Choice

Which of the following is not an essential component of the audit function of an organization?

• A) Senior management
• B) Audit committee
• C) Internal auditors
• D) External auditors

---

Definitions:

Margin of error

A measure indicating the range of values within which the true value is likely to fall, with a certain level of confidence.

Confidence interval

An estimated range of values which is likely to include an unknown population parameter, based on the given data.

SAT scores

SAT scores are standardized test scores used for college admissions in the United States, assessing mathematical, verbal, and writing skills.

Confidence interval

An assortment of values, from sample-based statistics, that is speculated to contain the unseen population parameter value.