An internal audit activity (IAA) provided assurance services for an activity it was responsible for during the preceding year. As a result, which IIA Code of Ethics principle is presumed to be impaired?
A) Competence.
B) Flexibility.
C) Objectivity.
D) Independence.

Question

Quizplus · Accepted Answer

The principle of objectivity is presumed to be impaired because the internal audit activity is reviewing an area for which it was previously responsible, leading to a potential conflict of interest.

An Internal Audit Activity (IAA) Provided Assurance Services for an Activity