During an audit engagement in an insurance company, an internal auditor discovered that senior management had purposely misclassified $200, 000 in assets on financial statements submitted to regulatory authorities in order to avoid significant statutory penalties. To remain in compliance with the IIA Code of Ethics, what would be the most appropriate action for the auditor to take?
Which of the following is not part of the five-attribute approach to developing documentation for an audit observation?
A computer system automatically locks a user's account after three unsuccessful attempts to log on.Which type of control does this scenario represent?
The audit process used by the internal audit activity of a large wholesale clothing company does not include an engagement letter or project approval document.The most serious consequence of this deficiency in the process is that the:
According to the Standards, a review team must express an opinion on which of the following when performing an external assessment of an internal audit activity?1. Conformance with the Standards and IIA Code of Ethics.2. Effectiveness of continuous improvement activities.3. Feedback from internal audit customers and other stakeholder groups.4. Efficiency and effectiveness of the internal audit activity's administration processes.
Which of the following internal auditor attributes are affected by a conflict of interest?
