The Expectation That an Internal Auditor Does Not Accept Gifts

question 67

Multiple Choice

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

• A) Integrity.
• B) Objectivity.
• C) Confidentiality.
• D) Competency.

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Definitions:

Forward Contracts

Financial agreements to buy or sell an asset at a predetermined future date and price, used primarily to hedge against price movements.

Exchange Rate

The worth of a currency when converting it into another currency.

Future

The time or period that comes after the present, often considered in terms of expectations, plans, or predictions.

Renminbi

The official currency of the People's Republic of China, also known as the yuan in its unit designation.