Which one of the following statements is NOT correct:

Select one: a. Internal auditors should be independent of the activities they audit.

b. Objectivity requires that internal auditors have an independent mental attitude.

c. The internal auditor should not be responsible for correcting deficiencies when ineffective or inefficient operations are found.

Which of the following representations does an auditor make when he or she issues an unmodified audit opinion:

Select one:

a. The financial report has been prepared in accordance with applicable accounting standards.

b. The financial report has been prepared in accordance with Australian auditing standards.

c. The financial report has been prepared in accordance with Australian Securities Exchange listing requirements.

d. The financial report has been audited at the lowest materiality level possible.

d. It is acceptable for internal auditors to recommend changes in operations and to install and implement the operating systems, as long as they do not have the responsibility for operating them throughout the year.