What Factor Conceptually Distinguishes External Auditing and Internal Auditing

question 45

Multiple Choice

What factor conceptually distinguishes external auditing and internal auditing?

• A) Tests of controls
• B) Substantive tests
• C) Education
• D) Constituencies

---

Definitions:

Majority Groups

Social or demographic groups that represent the largest portion of the population in a given society, often holding significant power or influence.

Competition Approach

A business strategy that focuses on outperforming competitors by developing a competitive advantage through factors like cost, product, or service.

Assertiveness

The quality of being self-assured and confident without being aggressive, in the context of communicating one's needs and opinions.

Cooperation

The act of working together towards a common goal or interest.