Which of the Following Statements Is True to Ensure Individual

question 7

Multiple Choice

Which of the following statements is true to ensure individual objectivity of internal auditors as per IIA Standards?

• A)Internal audit should be involved in the design of internal control systems, because of the knowledge of controls, but should not operate such systems.
• B)It is not appropriate for internal auditors to design, install or operate systems or write procedures manuals for systems.
• C)It is permissible for the internal auditor to be involved in designing and installing internal control systems (but not be involved in their operation), providing the head of internal audit reports to the board of directors or audit committee.
• D)The internal auditor should prepare procedures manuals for systems, but should not be involved in their design, installation or operation.

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Definitions:

Revoke The Authority

The act of formally withdrawing or cancelling a previously granted power or legal right, usually by the entity that granted it.

Principal May

An ambiguous term that could refer to the permissive actions or rights of a principal in legal, financial, or educational contexts; however, without more context, a specific definition cannot be provided. Likely a misinterpretation or incomplete term, hence treated as NO.

Delegation Of Authority

The process of transferring responsibility and authority from one party to another to complete specific activities or tasks.

Actual Work

The physical or mental effort expended towards the completion of tasks, often considered in contrast to planning or theoretical development.