External Auditing Is an Independent Appraisal Function Established Within an Organization

question 61

True/False

External auditing is an independent appraisal function established within an organization to examine and evaluate its activities as a service to the organization.

---

Definitions:

Statutes

Written laws enacted by a legislative body that govern a society or state.

Codes of Conduct

Sets of rules outlining the responsibilities, ethical standards, and proper practices for individuals or organizations.

Political Action Committees (PACs)

Groups of people who organize to support candidates they feel will represent their views.

Major Corporations

Large, powerful companies that have a significant impact on the economy through their operations, employment, and influence on sectors and markets.