Multiple Choice
Many organizations have an internal audit function that makes periodic reviews of each department within the organization.The focus of these reviews is to:
A) Conduct an investigation of each department to be sure fraud is not taking place
B) Evaluate the efficiency and effectiveness of the department
C) Evaluate the performance of the manager of the department
D) Report to the organization's top managers and board of directors
Correct Answer:

Verified
Correct Answer:
Verified
Q61: The 2013 COSO Report identifies five components
Q62: A good internal control system will contribute
Q63: COBIT 5's principles guide effective management and
Q64: When assessing a company's internal control structure
Q65: Segregation of duties is a fundamental concept
Q67: Both cash and credit customers are educated
Q68: The five components of internal control articulated
Q69: COSO did not change its definition of
Q70: Risk portfolio represents the amount and type
Q71: The purpose of _ is to identify