Independence refers to the organizational status of the inte…

Independence refers to the organizational status of the internal audit function.  The best independence for the internal audit process generally results when the chief audit executive (CAE) reports functionally to the _________  and administratively to a senior executive such as the CEO or CFO.

__________ is a variation of attribute sampling from a popul…

__________ is a variation of attribute sampling from a population that can be subdivided.  For example, a population of purchase transactions may be divided into those of a relatively small amount, which local managers are allowed to authorize, those of moderately large amounts that regional managers approve, and those of large amounts requiring central management approval.