In Assessing the Competence of a Client's Internal Auditor,an External

question 70

Multiple Choice

In assessing the competence of a client's internal auditor,an external auditor most likely would consider the:

• A)Internal auditor's compliance with professional internal auditing standards.
• B)Client's policies that limit the internal auditor's access to management salary data.
• C)Evidence supporting a further reduction in the assessed level of control risk.
• D)Results of ratio analysis that may identify unusual transactions and events.

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Definitions:

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

Formal Policy Statement

A documented declaration of an organization's intent, rules, and procedures intended to guide operations and decisions.

Public Accountability

The obligation of public officials, corporations, and organizations to be answerable to the public and to their actions' impacts on society.

External Stakeholders

Individuals or entities outside an organisation that are affected by or have an interest in its operations, such as customers, suppliers, and the community.