The Focus in an Internal Audit Should Be Primarily on Business

question 38

True/False

The focus in an internal audit should be primarily on business risk rather than on internal control.

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Definitions:

Department Managers

Individuals responsible for overseeing specific departments within an organization, managing staff, and ensuring the achievement of departmental objectives.

Data Entry Clerks

Administrative workers responsible for accurately inputting data into computer systems or databases.

Senior Employees

Workers who have extensive experience and tenure within a company or industry, often holding a higher rank or position due to their longevity and expertise.

Past Experience

Previous events or activities that an individual or organization has gone through, which influence current behavior, decisions, and actions.