To provide for the greatest degree of independence in performing internal audit activities, the internal audit function most likely should report to the:
A. audit committee of the board of directors.
B. corporate stockholders.
C. vice-president-finance.
D. corporate controller.
Answer: A
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All of the following statements are true EXCEPT
A. high agreeableness underlies harmony. B. high conscientiousness underlies deliberation. C. high extroversion underlies communication. D. high neuroticism underlies stability. E. high openness to experience underlies creativity.
Verifying that the Debit column totals equal the Credit column totals is called
a. checks and balances; b. making sure; c. proof assurance; d. cross-checking; e. none of these
Identify the spillover effect
What will be an ideal response?
Which dimension, of Hofstede’s Dimensions, focuses on the degree to which employees feel they have the right to live their lives as they see fit, choose their own values, and act on their own judgment?
a. The individualist-collectivist b. Long- or short-term orientation c. Level of uncertainty avoidance d. High/Low power distance