In Order to Ensure That the Internal Auditors Have the Objectivity

question 294

Multiple Choice

In order to ensure that the internal auditors have the objectivity required by the Standards, the chief audit executive should:

• A) Demonstrate willingness to include in engagement final communications all matters believed to be important.
• B) Require all auditors to sign statements attesting to their independent mental attitudes and honest belief in their work product.
• C) Carefully assign personnel to individual audit engagements and require auditors to disclose all conflicts of interest.
• D) Appraise each auditor's performance on each audit assignment.

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Definitions:

Intellectual Property

Various legal rights that grant creators control over their intellectual creations, such as patents, copyrights, trademarks, and trade secrets.

Registration System

A systematic process of recording information or data into an official list or database to ensure its authenticity and reliability.

Intangible Form

Describes assets or benefits that do not have a physical presence, such as intellectual property or goodwill.

Copyright Ownership

The exclusive legal rights given to creators for their original works of authorship, including the right to copy, distribute, and adapt the work.