10 options for each question

Select the necessary words from the list of possibilities to complete the following statements Statements Internal auditing is an obiective assurance and consulting activity designed to add value and improve an organization's operations 2. In 1977, passage of the increased the demand for internal auditing 3. The international organization of internal auditors is called the 4. An operational audit focuses on the efficiency, effectiveness, and of operations The operational auditors aspects of the audit. summarizes the auditors' preliminary conclusions about the critical An 6 operations audited to discuss the audit findings involves a meeting of the operational auditors and the persons directly concerned with the When auditing financial statements in accordance with generally accepted auditing standards, the auditors must 7. test compliance with all laws and regulations that have a financial statements effect on line-item amounts in the In an audit in accordance with Government Auditing Standards, the auditors report on, and on the 8 organization's internal control Audits in accordance with the are specifically designed to help ensure that the billions of dollars in federal financial assistance are appropriately spent. In an audit in accordance with the Single Audit Act, violations of laws and regulations that are estimated to have 10 a material effect on an organization's financial statements are referred to as Answer 1. compliance with laws and regulations 2. direct and material 3. economy 4. exit conference st Answer 5. Foreign Corrupt Practices Act 6. independent 7. Institute of Internal Auditors 8. material instances of noncompliance 9. preliminary survey Answer independent Institute of Internal Auditors material instances of noncompliance preliminary survey 10. Single Audit Act