Multiple Choice
The fundamental difference between internal and external auditing is that
A) internal auditors represent the interests of the organization and external auditors represent outsiders
B) internal auditors perform IT audits and external auditors perform financial statement audits
C) internal auditors focus on financial statement audits and external auditors focus on operational audits and financial statement audits
D) external auditors assist internal auditors but internal auditors cannot assist external auditors
Correct Answer:

Verified
Correct Answer:
Verified
Q44: Which of the following is not an
Q45: Which of the following is not true?<br>A)Large-scale
Q46: Which of the following is true of
Q47: Why is inadequate documentation a chronic problem?
Q48: Explain why reduced security is an outsourcing
Q50: Explain the outsourcing risk of failure to
Q51: Both the SEC and the PCAOB have
Q52: Describe the two broad groupings of information
Q53: Discuss the key features of Section 302
Q54: The IT audit focuses on systems where