8 ) What is the primary difference between internal and external auditors ?" The a ) level of competence required . b ) parties to whom the auditor is responsible . `) type of audit that is being completed ` ) all of the above 9 ) Which of the following best describes the purpose of a financial statement audit ?" a ) To provide an opinion on whether the company is run effectively b) To assist management with the preparation of the year-end financial statements To assess whether the financial statements are fairly presented in accordance with GAAP all material respects * ) To provide shareholders with a guarantee that there are no errors in the financial statements 10 ) Operational audits are generally performed by internal auditors or government auditors The primary purpose of an operational audit is to provide :" 2 ) To aid the independent auditors with the financial statement audit b) To assess whether the company's processes are efficient and effective To review operational management to ensure they are complying with company policies Is To ensure that individuals are completing their tax returns properly