Which Principle in the Code of Ethics for Internal Auditors

question 8

Multiple Choice

Which principle in the Code of Ethics for internal auditors states that they are to respect the value and ownership of information they receive and do not disclose information without appropriate authority unless there is a legal or professional obligation to do so?

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

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Definitions:

Non-diversifiable Risk

The part of an investment's risk that cannot be eliminated through diversification, pertaining to wider market or economic factors.

Systematic Risk

The peril present throughout an entire market or a portion of the market that cannot be alleviated by spreading investments.

Non-diversifiable Risk

The portion of an investment's risk that cannot be eliminated through diversification, related to factors affecting the entire market.

Unsystematic Risk

A type of risk that affects a small number of assets, often referred to as "specific risk," and is related to issues like management performance or consumer preferences.