Asked by Marisol Trejo on May 18, 2024
Verified
Will has implemented a new strategy at his construction firm for identifying control problems. He has asked a group of employees to appraise various operations and systems within the firm. Which control technique is Will implementing?
A) Concurrent control
B) External auditing
C) Executive reality check
D) Social auditing
E) Internal auditing
Internal Auditing
The independent and objective evaluation of an organization's financial and operational activities, typically performed by in-house staff.
Construction Firm
A company that specializes in building and designing infrastructure, buildings, and other architectural projects.
Control Problems
Issues arising from the attempt to monitor or regulate processes, people, or systems, which can lead to inefficiency or loss of focus.
- Comprehend internal and external auditing as mechanisms for organizational control.
Verified Answer
Learning Objectives
- Comprehend internal and external auditing as mechanisms for organizational control.
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