8. Which of the following statements is FALSE?
(A) It is possible for management to design an ideal and effective system of internal controls for example over the counting of the physical inventory.
(B) If an auditor wishes to rely on the work of internal auditors (IA), the auditor must obtain satisfactory evidence related to the IA's competence, integrity, and objectivity.
(C) Personnel responsible for performing internal verification procedures must be independent of those originally responsible for preparing the data.
(D) Parallel testing is used when old and new systems are operated simultaneously in all locations.