The Internal Audit Profession Has Emerged and Has Become Active

question 10

Multiple Choice

The internal audit profession has emerged and has become active for all of the following reasons except:

• A)management's need for an objective appraisal of organizational or departmental performance
• B)increased internal and external emphasis on effective procedures to detect or prevent fraud
• C)compliance with Section 404 of the Sarbanes-Oxley Act of 2002
• D)management's need to delegate the responsibility of the financial statements

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Definitions:

Immigration Quotas

Policies that set a specific limit on the number and/or type of immigrants allowed to enter a country per year.

1910 Census

A national enumeration conducted in the United States in 1910 that provided comprehensive data on population distribution, demographic characteristics, and economic status.

New Negro

describes a movement promoting African American cultural appreciation and racial equality during the Harlem Renaissance in the 1920s.

Established Stereotypes

Widely accepted but oversimplified and generalized beliefs about a particular group of people or type of individual, often leading to misconceptions and biases.