Which of the Following Is Not one of the Attribute

question 49

Multiple Choice

Which of the following is not one of the attribute standards of the IIA's Standards for the Professional Practice of Internal Auditing?

• A)Independence and objectivity.
• B)Integrity and skepticism.
• C)Proficiency and professional care.
• D)Purpose,authority,and responsibility.

---

Definitions:

Intangible Benefits

Advantages or gains from a project or investment that are not directly quantifiable in monetary terms, such as improved customer satisfaction or brand reputation.

Automated Equipment

Machinery that operates with minimal human intervention, often used to increase efficiency and productivity in manufacturing.

Discount Rate

The discount rate is the interest rate used in discounted cash flow analysis to calculate the present value of future cash flows.

Annual Cash Inflow

The total amount of cash received by a company over a one-year period from its operational, investment, and financing activities.