Asked by Marisol Trejo on May 18, 2024

verifed

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.
verifed

Verified Answer

RG
Rosalinda GonzalesMay 18, 2024
Final Answer :
E
Explanation :
Will is implementing the technique of internal auditing by involving a group of employees to appraise various operations and systems within the firm. Internal auditing is a process of evaluating and assessing the company's own operations and systems to ensure they meet organizational objectives, comply with laws and regulations, and identify areas for improvement.