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

question 93

Multiple Choice

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

• A) risk assessment
• B) monitoring
• C) proofs and security measures
• D) separating responsibilities for related operations

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Definitions:

Fluid Intelligence

pertains to the ability to think logically and solve problems in novel situations, independent of acquired knowledge.

Empathy

The ability to understand and share the feelings of another.

Crystallized Intelligence

Refers to the accumulation of knowledge, skills, and experience that one can draw upon, which tends to grow over a person’s lifetime.

Highly Specialized Goals

Objectives that require specific, advanced skills or knowledge to achieve, often focused on a narrow area of expertise.