Internal auditors O a. are employees of the taxing authority who evaluate the internal controls of companies filing tax returns. b. are hired by accounting firms to audit business firms. Oc. cannot evaluate the system of internal controls of the company that employs them because they are not independent. O d. evaluate the system of internal controls for the companies that employ them.

Internal auditors O a. are employees of the taxing authority who evaluate the internal controls of companies filing tax returns. b. are hired by accounting firms to audit business firms. Oc. cannot evaluate the system of internal controls of the company that employs them because they are not independent. O d. evaluate the system of internal controls for the companies that employ them.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

how many types of Audit Evidence?
In Auditing, which aspect is riskier, Completeness, or Existence?
Explain Audit reporting and why these are important? Explain with the help of example.
What is the importance of strategic audit? and its scope.
How can internal auditors achieve practical independence?
explain why and auditor needs an understanding of the client's industry
1.Explain the importance of internal controls to auditors and management.
What are the benefits of the internal audit function establishing a risk-based plan when identifying the priorities of the internal audit activity?
Whare are the advantages of internal goverment audits?
Describe how the audit team assesses control risk in an IT environment.