Which of the following is the IIA's stated position regarding the internal auditing activity?
a. All responsibilities for internal auditing activity can be outsourced.
b. An in-house liaison, such as an executive or senior management member, should be assigned the responsibility for internally managing the internal auditing activity.
c. All internal auditors involved in the internal auditing activity must be CIAs.
d. Internal auditors for the internal auditing activity should be supervised by CPAs.
b
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Which of the following is commonly created during good times or when new management takes over to turn around a company that experienced poor performance under the previous management?
a. sinking fund b. provident fund c. reserve fund d. pension fund
If the standard deviation is 6.2, the Z value is 2.00, and the expected date of completion is 33 months, then the due date for project completion is ______.
A. 45.40 months B. 35.75 months C. 29.65 months D. 39.55 months
Binding arbitration requires the parties to comply with the decision, either by law or by contractual agreement.
Answer the following statement true (T) or false (F)
Most services, as well as industrial products, are distributed through the ____________________ channel.
Fill in the blank(s) with the appropriate word(s).