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
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 40MCQ
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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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