Internal Auditors May Perform All of the Following Types of Audits

question 73

Multiple Choice

Internal auditors may perform all of the following types of audits except

• A)operational audits.
• B)compliance audits.
• C)computer system audits.
• D)all of the above may be performed by internal auditors.

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Definitions:

Earnings Per Share

A financial metric that calculates the portion of a company's profit allocated to each outstanding share of common stock, indicating the company's profitability.

Stock Repurchase

A transaction in which a company buys back its own shares from the market, often to increase the value of remaining shares by reducing the supply.

Excess Cash

Funds that exceed the normal operating needs of a company, potentially available for investment or distribution to shareholders.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from its total revenue.