Which Rule of Conduct for Internal Auditors States That They

question 102

Multiple Choice

Which Rule of Conduct for internal auditors states that they will not knowingly be a party to any illegal activity, or engage in acts that are discreditable to the profession of internal auditing or to the organization?

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

---

Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the ownership stake of shareholders.

Working Capital

The difference between a company's current assets and current liabilities, indicating the amount of liquid assets available to run its operations.

Current Liabilities

Short-term financial obligations that are due within one year.

Current Assets

Resources anticipated to be turned into cash, used up, or sold within a period of one year or across the business's operating cycle, depending on which period extends further.