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AUI3704-26-S2
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According to the IIA Standards (GIAS) , the "organisational independence" of the internal audit function is achieved through ...
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Two individuals are being considered for an audit team that is to perform a highly technical audit. Which of the following situations would preclude the selection of the individual for the audit due to an objectivity concern?I. Person A is a member of the internal audit staff and has the required technical skills. Person A participated in a review of the internal controls for the system to be audited during its development. II. Person B is a technical specialist who understands the audit area but is not a member of the internal audit staff. Although Person B has personal credibility in the information systems department to be audited, Person B works for another department in the organisation.
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Indicate the alternative that best describes how objectivity for internal auditors is achieved.
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Which one of the following statements is true with respect to due professional care?
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How does the internal audit function demonstrate its professionalism?
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An organisation was in the process of establishing its new internal audit function. The chief executive officer (CEO) had no previous experience with internal auditors. Due to this lack of experience, the CEO advised the chief audit executive (CAE) that he would be reporting administratively to the external auditors. However, the CAE would have free access to the CEO to report anything important. The CEO would convey the CAE's concerns to the governing body. Which of the following is TRUE?
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A certified internal auditor (CIA) performed an assurance engagement on a department store's cash function. Which one of the following actions will be deemed lacking in due professional care?
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Which of the following will best promote the organisational independence of the internal audit function?
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After several years in the engineering department, an engineer was transferred to the internal audit department. One month later, the engineer was assigned to an assurance engagement for the engineering department. When the auditor's former engineering supervisor suggested changing the sample selection method, the auditor consulted the audit supervisor. They determined that the suggested method would not be as representative and that the original selection method should be used. In this situation, the auditor ...
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In which of the following situations does the internal auditor potentially lack objectivity?
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