Evaluating Goal Accomplishment through Criteria
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Questions and Answers

Which statement most accurately describes how criteria are established for use by internal auditors in determining whether goals and objectives have been accomplished?

  • The industry in which a company operates establishes criteria for each member company through benchmarks and best practices for that industry.
  • Appropriate accounting or auditing standards, including international standards, should be used as the criteria.
  • Management and/or the board are responsible for establishing the criteria. (correct)
  • Internal auditors should use professional standards or government regulations to establish the criteria.
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