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Question 727 - IIA-CIA-Part1 discussion

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An engagement supervisor is overseeing a procurement assurance engagement. In the middle of the engagement, the engagement supervisor attends a weekend social event paid for by the head of procurement. Which of the following ethics principles is the engagement supervisor potentially violating by attending the event?

A.

Confidentiality.

Answers
A.

Confidentiality.

B.

Integrity.

Answers
B.

Integrity.

C.

Objectivity.

Answers
C.

Objectivity.

D.

Competency.

Answers
D.

Competency.

Suggested answer: C

Explanation:

Objectivity is one of the ethics principles for internal auditors, which means that they should not allow bias, conflict of interest, or undue influence to impair their professional judgment2.By attending a weekend social event paid for by the head of procurement, the engagement supervisor is potentially violating this principle, as it may create a personal or professional relationship that could compromise their objectivity in the procurement assurance engagement3.

1: CIA Exam Practice Questions - Certified Internal Auditor 20192: Global Internal Auditing Code of Ethics | The IIA1, p.13: Code of Ethics - The Institute of Internal Auditors or The IIA2, p. 1

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asked 03/11/2024
Tim baxter
41 questions
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