Internal Auditors Are Employees of the Business Who Ensure That

question 45

True/False

Internal auditors are employees of the business who ensure that employees are following company policies and that operations are running efficiently.

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Definitions:

Erroneous Arrangement

A situation or setup that contains mistakes or is improperly organized, potentially leading to inaccurate results or conclusions.

Slide

An error in which the entire number is moved one or more spaces to the right or the left, such as writing $542.00 as $54.20 or $5,420.00.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Posting

The act of recording financial transactions in the ledger of an accounting system.