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

question 17

Multiple Choice

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

• A) risk assessment
• B) monitoring
• C) proofs and security measures
• D) information and communication

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Definitions:

Comparative Law

The study and analysis of the differences and similarities between the laws of different countries or legal systems.

The Senate

One of the two houses of the legislature in many countries, often composed of senior members, and responsible for making and passing laws.

Administrative Agencies

Governmental bodies responsible for the oversight and implementation of specific regulations and laws.

Federal Level

Pertains to the national government operations or regulations, as opposed to state or local levels.