Internal auditors must have independence: a. To ensure their objectivity. b. To be able to audit any

Question:

Internal auditors must have independence:

a. To ensure their objectivity.

b. To be able to audit any activity in the organization.

c. To be sure they will receive replies to their reports.

d. To have access to the board of directors.

e. To be protected against threats of dismissal.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

The Practice Of Modern Internal Auditing

ISBN: 9780894130922

2nd Edition

Authors: Lawrence B Sawyer

See More Books

Question Posted: May 13, 2024 06:00 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Research various global financial services organizations (for example, UBS AG, E-Trade, Schwab, ING, Bank of America, HSBC, RBS) through their company websites and other publicly available...
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
Lucy has just been promoted to a managerial position and given a new office. She is very fond of small Persian carpets and Native American paintings and wants to get some carpets and paintings for...
A loan company has been advertising on television a plan that allows people to borrow $1000 and make a payment of $10.87 per month. This payment is for interest only and includes no payment on the...
In Problems 716, use a table to investigate the indicated limit. lim tan x x-0 X x in radians
A house-building contractor has the following three overhead cost pools: Costs from each of these cost pools then are allocated to housing contracts using the following allocation bases: How much...
Ashley Williams opened Ashleys Maids Cleaning Service on July 1, 2017. During July, the company completed the following transactions. July 1 Invested $14,000 cash in the business. 1 Purchased a used...
3. If the Manufacturer knows the probability of a manufactured device being defective is 0.30 and she is to manufacture 4 devices, finish the following table provided that X is the number of...
Two directors of internal auditing from two different companies, Paul Eberhardt and Trevor Smith, were seated next to each other at an Institute dinner meeting. Paul said, "I missed you last month,...
Which of the following should be defined in the charter of the internal auditing department? a. Types of departmental activity reports to be prepared and to whom they should be distributed. b....
In a game of bridge, you did not get spades. Write a formula for the probability that your partner does not have spades too. (Bridge is played with a standard 52-card deck by two pairs of partners;...
a. Identify five tests of details of balances that may be applied to inventories. b. For the test of observing the client's physical inventory count, indicate (1) when this test is required, (2)...
The sales manager also wants the sales force to be incentivised to ensure a good product launch. She recognises the importance of the sales budget in motivating and controlling the sales force....
a. Explain the materiality and audit risk associated with the personnel services cycle. b. What is the auditor's usual audit strategy for this cycle? Why?
a. Describe the nature of the personnel services cycle. b. What cycles interface with this cycle.
State the audit objectives that pertain to management's assertions about personnel services transactions and balances.
Outline the steps in the synthesis of valine from diethyl acetamidomalonate. The overall yield of valine by this method is reported to be rather low (31%). Can you think of a reason why this...
Determine whether the lines are parallel, perpendicular, or neither. 2x + 3y = -12, 2y - 3x = 8
PLATO COURSEWARE Unit Activity Unit: Regulations This activity will help you meet these educational goals: You will evaluate actions or events; determine when an explanation matches textual evidence;...
what is the: a) Cost of Goods Manufactured & Sold b) Number of units manufactured and the cost of maufacturing one unit c) Cost of the finished goods, applying the unit cost computed in b). e) Net...
in a type of business like a tea shop. what are the points to take in consideration when we are preparing a budgeting. for that business. please provide sources .thank you

Internal auditors must have independence: a. To ensure their objectivity. b. To be able to audit any

Question:

Step by Step Answer:

Internal auditors must have independence a To ensure their objectivity Internal auditors independence is crucial to maintaining their objectivity and ...View the full answer

The Practice Of Modern Internal Auditing

Students also viewed these Business questions