Which of the Following Is True of Using Internal Audits

question 69

Multiple Choice

Which of the following is true of using internal audits to manage risk?

• A) Every small business owners conduct internal audits on their own.
• B) Internal audits have a fixed structure decided by the government and all employers are required to comply.
• C) The owner should provide sufficient authority to the auditor to ensure that he or she can accomplish the goals of the audit.
• D) The owner should accept that the auditor has final authority when it comes to approving the audit plan.

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Definitions:

Document

A written, printed, or electronic record that provides information or evidence.

Analysis

The process of examining components or structures of something methodically and in detail, often to understand it better or to draw conclusions.

Business Document

A written piece of work used in a professional setting, such as reports, memos, proposals, or emails, that conveys information or arguments.

Photographs

Images captured by a camera that represent moments or scenes, often used for documentation, art, or memory preservation.