Which of the Following Actions Would Be a Violation of the IIA

question 403

Multiple Choice

Which of the following actions would be a violation of the IIA Code of Ethics?

• A) Excluding an issue in the final audit report after management has resolved the issue.
• B) Reporting information that could be damaging to the organization, at the request of a court of law.
• C) Failing to return a free promotional pen to a vendor related to the audit activity.
• D) Declining an audit engagement for which the auditor does not have the necessary experience or training.

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Definitions:

Foreign Assets

Investments or property owned by individuals or entities in countries other than their own, including stocks, bonds, and real estate.

Domestic Assets

Assets located within a country's borders and denominated in the country's legal tender.

Exports

Goods or services produced in one country and sold to buyers in another country, contributing to a nation's economy.

Nominal Exchange Rate

The speed at which one form of currency can be traded for another.