During an internal audit, the internal auditor compares the employee turnover rate in the area being audited with the employee turnover rate in the organization as a whole. This is an example of which of the following analytical auditing procedures?
A) Reasonableness test.
B) Regression analysis.
C) Benchmarking.
D) Trend analysis.

Question

Quizplus · Accepted Answer

Benchmarking involves comparing specific metrics or processes to a standard or to similar metrics within the organization or industry, such as comparing turnover rates.

During an Internal Audit, the Internal Auditor Compares the Employee