The Expectation That an Internal Auditor Does Not Accept Gifts

question 46

Multiple Choice

The expectation that an internal auditor does not accept gifts that may impair judgment is based on the code of ethics principle of:

• A)integrity.
• B)objectivity.
• C)confidentiality.
• D)competency.

---

Definitions:

Cash Dividends

Disbursements from a corporation's earnings made to its shareholders, often as a share of profits.

Common Stock

A type of equity security that represents ownership in a corporation, with holders typically having voting rights and potentially receiving dividends.

Balance Sheet

An exposition on a company's assets, its financial responsibilities, and the equity owned by shareholders, documented at a fixed point in time.

Total Revenue

The overall amount of money generated by a company from its business activities, before any expenses are subtracted.