A company's internal auditing practices should not be considered when assessing control risk.

Name: A company's internal auditing practices should not be considered when assessing control risk.
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Question

Quizplus · Accepted Answer

A company's internal auditing practices should be considered when assessing control risk. Internal auditing provides an independent assurance on the effectiveness of the company's internal controls, and their findings should be taken into consideration by external auditors when assessing control risk.

A Company's Internal Auditing Practices Should Not Be Considered When