A firm raised all its capital via equity rather than debt. Such a firm is also referred to as a(n) ________ firm

Managerial accounting provides information to ________

A) internal decision makers B) outside investors and lenders C) creditors D) taxing authorities

Which of the following statements is true regarding the issuance of opinions by internal auditors?

a) For internal audit to issue an opinion the CAE must be a CPA. b) Although macro-level opinions are issued at a point in time, the supporting audit evidence is generally built-up over a period of time. c) Standards require that an opinion be given in the report of each assurance engagement. d) Internal audit opinions can only provide negative assurance.