The purpose of an internal audit is
A) to evaluate the adequacy and effectiveness of company's internal controls.
B) to determine the extent to which assigned responsibilities are actually carried out.
C) to collect evidence on whether the company is continuing as a going concern.
D) A and B only
Correct Answer:
Verified
Q1: A system that employs various types of
Q3: The Institute of Internal Auditors (IIA)has established
Q4: One type of audit that is concerned
Q4: Auditing involves the
A)collection,review,and documentation of audit evidence.
B)planning
Q5: The possibility that a material error will
Q6: Which characteristics below is not a characteristic
Q8: An audit should be planned so that
Q9: The type of audit in which the
Q10: The _ part of the auditing process
Q12: What is not a typical responsibility of
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