Which of the following would constitute a violation of the IIA Code of Ethics?
A) An internal auditor, who has recently joined the organization, has accepted an assignment to audit the electronics manufacturing division. The auditor previously served as senior auditor for the external audit of that division and has audited many electronics companies during the past two years.
B) An internal auditor has accepted an assignment to audit the warehousing function six months from now. The auditor has no expertise in that area but has signed up for courses in warehousing that will be completed before the assignment begins.
C) An internal auditor has no ambitions for promotion and has not engaged in training or other professional development activities during the last three years. The auditor's performance assessments indicate consistent quality of work.
D) An internal auditor discovered an internal financial fraud during the year, and the financial statements were adjusted to properly reflect the loss associated with the fraud. The auditor discussed the fraud with the external auditor during the external auditor's review of the working papers detailing the incident.
Correct Answer:
Verified
Q20: During a routine audit of a customer
Q21: A governmental auditor was assigned to determine
Q22: The chief audit executive (CAE) determined that
Q23: In forming a team to investigate an
Q24: During the development of a purchasing system,
Q26: Given the scarcity of internal audit resources,
Q27: An auditor is scheduled to audit payroll
Q28: According to the International Professional Practices Framework,
Q29: An internal auditor provided the following statement
Q30: Which of the following performance criteria would
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents