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:

Infectious Diseases

Disorders caused by organisms such as bacteria, viruses, fungi, or parasites, that can be spread directly or indirectly from one person to another.

Cultural Anthropology

A branch of anthropology focused on the study of cultural variations among humans and the social and cultural dimensions of human life.

Formal Agreement

A legally binding contract or arrangement between two or more parties, often documented and signed to ensure compliance with its terms.

Holistic Perspective

An approach or viewpoint emphasizing the importance of understanding the whole person, or an entire system, rather than dissecting into parts.