When a Firm Uses Internal Auditors,it Is Adhering to Which

question 15

Multiple Choice

When a firm uses internal auditors,it is adhering to which of the following internal control elements?

• A)Risk assessment
• B)Proofs and security measures
• C)Monitoring
• D)Separating responsibilities for related operations

---

Definitions:

Standard Deviation

An analysis method to quantify the level of scattering or variability among a set of measures.

Standard Normal Distribution

A normal distribution with a mean of zero and a standard deviation of one, used in statistical analyses.

Probability

A statistical metric that indicates the extent of the chance of an event taking place, expressed within the range from 0 (no chance) to 1 (absolute certainty).

Binomial Probability Experiment

An experiment or process that has exactly two possible outcomes (success or failure) for each trial and where the probability of success is the same for each trial.