Interactive control system ________
A) ensure to adhere to legal or ethical accounting policies and procedures
B) ensure prompt and severe reprimand of unethical conduct, regardless of the benefits that might accrue to the company from unethical action
C) ensure employees' intrinsic motivation, the desire to achieve self-satisfaction for performing well regardless of external rewards such as bonuses or promotion
D) ensure frequent face-to-face communications among managers and employees regarding the critical uncertainties
Answer: D
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According to the IIA Standards, what is the role of internal audit as it relates to risk management?
a) Evaluate the effectiveness of the risk management process. b) Determine the risk appetite of the organization. c) Identify and assess significant risk within the organization. d) Communicate relevant risk information to appropriate people within the organization.
Communities of practice consist of people who share enthusiasm for a particular product or activity
Indicate whether the statement is true or false