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30-Which of the following statements relating to internal and external auditors is correct? i) Internal auditors are required to be members of a professional body  ii) Internal auditors’ scope of work should be determined by the management  iii) External auditors are trusted by government agencies, investors, and public.  iv) Internal auditors can never be independent of the company a. i and iii b. i and ii c. ii and iii d. iii and iv

30-Which of the following statements relating to internal and external auditors is correct? i) Internal auditors are required to be members of a professional body  ii) Internal auditors’ scope of work should be determined by the management  iii) External auditors are trusted by government agencies, investors, and public.  iv) Internal auditors can never be independent of the company a. i and iii b. i and ii c. ii and iii d. iii and iv

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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30-Which of the following statements relating to internal and external auditors is correct?

i) Internal auditors are required to be members of a professional body 

ii) Internal auditors’ scope of work should be determined by the management 

iii) External auditors are trusted by government agencies, investors, and public. 

iv) Internal auditors can never be independent of the company

a.
i and iii
b.
i and ii
c.
ii and iii
d.
iii and iv
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