Which of the following is an example of impairment to internal auditor independence or objectivity'?
A.
Assurance engagements for functions over which the chief audit executive (CAE) has responsibility are overseen by a party outside the internal audit activity
B.
Internal auditors provide consulting services relating to operations for which they had previous responsibilities
C.
Internal auditors provide consulting services relating to operations for which they have current responsibilities
D.
Consulting engagements for functions over which the CAE has responsibility are overseen by a party outside the internal audit activity
An example of impairment to internal auditor independence or objectivity is when internal auditors provide consulting services relating to operations for which they have current responsibilities. This creates a direct conflict of interest as the auditor is assessing parts of the organization for which they are responsible, potentially compromising their ability to remain objective and unbiased.
The IIA's Code of Ethics and International Standards for the Professional Practice of Internal Auditing, particularly standards related to objectivity and independence.
Contribute your Thoughts:
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit