Which of the Following Would Constitute a Violation of the IIA

question 451

Multiple Choice

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.

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Definitions:

Atomic

Relating to atoms, the smallest constituent unit of ordinary matter that has the properties of a chemical element.

Symbolized Categorical Statement

A logical statement that uses symbols to represent categorical propositions, typically involving qualifiers such as all, some, or no.

Categorical

Pertaining to categories, absolutes, or conditions that are explicit and unconditional, often used in logic to describe propositions that are universally true or false.

Symbolized

Represented or expressed with symbols or symbolic meaning.