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Which one of the following statements is correct? Internal auditors are company employees who evaluate the effectiveness of the company's system of internal control on

image text in transcribed Which one of the following statements is correct? Internal auditors are company employees who evaluate the effectiveness of the company's system of internal control on a continuous basis. External auditors are company employees who evaluate the effectiveness of the company's system of internal control on a continuous basis. The public accountants conducting annual audits are responsible for continuous evaluations of a company's system of internal control. Only large companies employ internal auditors and utilize a system of internal controls

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