Which of the following actions could be construed as a violation of the IIA Code of Ethics?

Part 1

Which Standards expand upon the other categories of Standards?

The Standards consist of three types of Standards. Which Standards apply to the characteristics of providers of internal auditing services?

One of the purposes of the International Standards for the Professional Practice of Internal Auditing ("the Standards") is to:

Establish the basis for evaluating internal auditing performance.

Which of the following best describes the purpose of the internal audit activity?

To add value and improve an organization's operations.

According to The IIA's International Professional Practices Framework, which of the following constitute mandatory guidance for implementing the Standards?

The types of services provided by the internal audit activity can best be described as

Assurance and consulting.

The Core Principles for the Professional Practice of Internal Auditing are the basis for internal audit effectiveness. Which of the following is not a core principle?

Eliminates risk management processes that are inadequate and ineffective.

Objectivity is an ethical requirement for all persons engaged in the professional practice of internal auditing. One aspect of objectivity requires

Avoidance of conflict of interest.

Today's internal auditor will often encounter a wide range of potential ethical dilemmas, not all of which are explicitly addressed by The IIA's Code of Ethics. If the internal auditor encounters such a dilemma, the internal auditor should always:

Apply and uphold the principles embodied in The IIA's Code of Ethics.

Which situation is most likely a violation of The IIA's Code of Ethics?

Reporting apparent violations of antitrust statutes by officers to government regulators.

Internal auditors should be prudent in their relationships with persons and organizations external to their employers. Which of the following activities will most likely not adversely affect internal auditors' ethical behavior?

Accepting compensation from professional organizations for consulting work.

The chief audit executive is aware of a material inventory shortage caused by internal control deficiencies at one manufacturing plant. The shortage and related causes are of sufficient magnitude to affect the external auditor's report. Based on The IIA's

Discuss the issue with management and take appropriate action to ensure that the external auditors are informed.

An internal auditor has been assigned to an engagement to evaluate a possible acquisition. Coincidentally, a significant portion of this internal auditor's personal investment portfolio is composed of the target organization's stock. What is the internal

Acquaint the chief audit executive with the situation and ask to be assigned to another audit.

Which of the following actions could be construed as a violation of The IIA's Code of Ethics?

Failing to report to management information that would be material to management's judgment.

During an engagement, an employee with whom you have developed a good working relationship informs you that she has some information about senior management that is damaging to the organization and may concern illegal activities. The employee does not wan

Assure the employee that you can maintain her anonymity and listen to the information.

Which of the following situations is a violation of The IIA's Code of Ethics?

During an engagement, an internal auditor learned that the organization was about to introduce a new product that would revolutionize the industry. Because of the probable success of the new product, the product manager suggested that the internal auditor

Which of the following is a violation of The IIA's Code of Ethics core principle of confidentiality?

Disclosure of the organization's trade secrets to a family member. The disclosure of the information resulted in no personal gain to the internal auditor or the family member.

A new staff internal auditor was told to perform an engagement in an area with which the internal auditor was not familiar. Because of time constraints, no supervision was provided. The assignment represented a good learning experience, but the area was c

The internal audit activity violated the Standards by not providing adequate supervision.

The chief audit executive (CAE) is best defined as the:

Person responsible for the internal audit function.

The chief audit executive meets with the members of the internal audit activity at scheduled staff meetings. Which of the following is the most appropriate function of such a staff meeting?

Explaining administrative policies and obtaining suggestions from the staff.

Which of the following most likely constitutes a violation of the IIA code of ethics?

Which of the following would be permissible under IIA code of ethics?

What are the four principles as stated in the IIA code of ethics?

Which of the following is a purpose of the IIA code of ethics?