Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Biology Expert

Gene is a new staff-level auditor on the audit of CalPower, a publicly traded energy and utility company. On his first day, his senior informs him that the engagement team is scheduled to have lunch with the internal auditor to discuss ways to improve this year's audit. While Gene has heard a lot about internal auditing in school and has some friends who recently began working as internal auditors, he is unfamiliar with exactly what internal auditors do and how internal and external auditors can work together to improve the audit process. Gene decides to take a look at last year's internal audit report prepared by CalPower's internal auditors.
He notices that the report includes a sentence that reads, "CalPower's Internal Audit group maintains a high level of independence from management." Because Gene is intimately familiar with the extensive independence requirements of his own firm, he cannot figure out how CalPower's internal audit group can possibly assert their own independence.

What is meant by independence from management for internal auditors?

Biology, Academics

  • Category:- Biology
  • Reference No.:- M926885

Have any Question? 


Related Questions in Biology

What type of reproduction involves union of sex cells and

What type of reproduction involves union of sex cells and their nuclei?

Give an example of pairs that can be mixed together to make

Give an example of pairs that can be mixed together to make a budget solution?

Nutrition amp metabolismdefine nutrient and list the six

Nutrition & Metabolism Define nutrient and list the six major categories of nutrients Know the most abundant macronutrients Define the absorptive and post-absorptive states. In which state is the body storing excess fuel ...

Why is a sucrose-phosphate buffer used in preparation of

Why is a sucrose-phosphate buffer used in preparation of liver homogenate?

Explain how stems cells are can be used to treat diseases

Explain how stems cells are can be used to treat diseases and injury, with special focus on spinal cord injuries.

1 how can it be that a double mutant embryo that lacks

1. How can it be that a double mutant embryo that lacks maternally encoded Hunchback and Nanos protein is completely viable and fertile? 2. The terminal regions of the Drosophila embryo involve another maternally pathway ...

A cell undergoing meiosis produces a daughter cell during

A cell undergoing meiosis produces a daughter cell, during which one nondisjunction event occurs. If the number of chromosomes in a normal diploid cell of this organism (not undergoing cell division) is 38, how many chro ...

Describe the purpose of the human genome project and how it

Describe the purpose of the Human Genome project and how it was achieved. Form a hypothesis of future research that could benefit from the HGP.

Problem 1 the schlogl modelthis model is famous for its

Problem 1: The Schlogl Model This model is famous for its bistable steady-state distribution. The reactions are              c1 B1 + 2X ? 3X,              c2      c3 B2 ? X,      c4 where B 1 and B 2 denote buffered spec ...

Explain the influence of lifestyles socioeconomic status

Explain the influence of lifestyles, socioeconomic status, and disease management regarding the flu.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro