The Code of Ethics for internal auditors

Question

Quizplus · Accepted Answer

The Code of Ethics for internal auditors applies to both individuals and entities that provide internal auditing services, regardless of whether they are supporting the external audit function or not. It outlines the fundamental principles of integrity, objectivity, confidentiality, and competency that should guide the behavior and decisions of internal auditors.

B, C, and D are incorrect. The Code of Ethics does not primarily apply to support of the external audit function, nor does it require independence from an internal auditor's employer. Additionally, while the PCAOB oversees the external audit of public companies, it is not responsible for enforcing the Code of Ethics for internal auditors.

The Code of Ethics for Internal Auditors