Multiple Choice
Internal auditors
A) are hired by CA firms to audit business firms.
B) are employees of the Canada Revenue Agency who evaluate the internal controls of companies filing tax returns.
C) evaluate the system of internal controls for the companies that employ them.
D) cannot evaluate the system of internal controls of the company that employs them because they are not independent.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: Which of the following has the greatest
Q37: Electronic Funds Transfers are used to<br>A) reduce
Q38: A system of internal control<br>A) can never
Q39: The fees for credit cards are higher
Q40: A debit memorandum would NOT be issued
Q42: Which of the following would NOT be
Q43: Brown's Convenience is open 7 days a
Q44: The retailer considers VISA and MasterCard sales
Q45: Internal auditors evaluate the effectiveness of the
Q46: Below are descriptions of internal control problems.