Multiple Choice
Internal auditors
A) are hired by accounting firms to audit business firms.
B) are employees of the taxing authority 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
Q9: Proper control for over-the-counter cash receipts includes<br>A)
Q26: An effective system of internal control requires
Q35: Two limitations of systems of internal control
Q44: Personnel who handle cash receipts should have
Q115: If a petty cash fund is established
Q117: The petty cash fund eliminates the need
Q118: Bertram Company assembled the following information in
Q124: Gabana Inc.'s €100 petty cash fund has
Q166: A disbursement system that uses wire telephone
Q202: Listed below are seven errors or problems