Internal auditors are independent contractors who evaluate the effectiveness of a company's internal control systems.
Correct Answer:
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Q1: Bonding means insuring a company against theft
Q3: It is unlikely that a company would
Q4: The safeguarding of assets is an objective
Q6: Only large companies need to be concerned
Q7: Requiring employees to take vacations is a
Q8: Employees sometimes commit fraud because of personal
Q17: The responsibility for ordering receiving and paying
Q22: The most important element of the fraud
Q34: The separation of duties feature of internal
Q56: An effective system of internal control centralizes
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