Principle 1 Demonstrate Integrity Flashcards
(21 cards)
What qualities must internal auditors demonstrate in their work?
Honesty and professional courage
These qualities are essential for maintaining integrity in auditing practices.
How should internal auditors communicate in professional relationships?
Truthful, accurate, clear, open, and respectful
This includes expressing skepticism or offering opposing viewpoints appropriately.
What must internal auditors avoid in their communications?
False, misleading, or deceptive statements
They must also not conceal or omit pertinent information.
What must internal auditors disclose in their communications?
All material facts known to them that could affect decision-making
Non-disclosure can impede an organization’s ability to make informed decisions.
What is required of internal auditors when faced with dilemmas?
Exhibit professional courage by communicating truthfully and taking appropriate action
This involves navigating difficult situations while upholding integrity.
What role does the chief audit executive play regarding internal auditors?
Maintain a supportive work environment for expressing engagement results
This support is crucial regardless of whether the results are favorable or unfavorable.
What should internal auditors enhance to improve their professional performance?
Awareness and understanding of honesty and professional courage
This includes seeking ethics-related continuing professional education.
What types of training help internal auditors learn and practice skills like tact and respectful communication?
Workplace training, mentorship, and supervision
These skills are essential for applying professional courage effectively.
What should internal auditors do when faced with situations that challenge their honesty?
Discuss the circumstances with a supervisor
This helps determine the best course of action.
What role does the chief audit executive play in supporting internal auditors?
Arrange opportunities for education and training
This includes discussions of hypothetical and real situations requiring ethical choices.
What is an important aspect of effective management of the internal audit function?
Proper engagement supervision and periodic reviews of performance
This ensures that internal auditors are guided and evaluated effectively.
How can engagement supervisors assist internal auditors?
Provide appropriate guidance when approving work programs or reviewing engagement workpapers
This guidance helps address potential threats to honesty and integrity.
What feedback may the chief audit executive solicit to evaluate internal auditors’ performance?
Feedback about their honesty and professional courage
This feedback comes from stakeholders with whom internal auditors interact.
What is an example of evidence of conformance in internal auditing?
A training plan that includes ethics education and training
This reflects the importance of ethics in the internal audit process.
What type of documents can show internal auditors’ participation in ethics education?
Documents that evidence internal auditors’ attendance or participation in ethics education and training
Such documentation is critical for demonstrating compliance with ethical standards.
What can performance evaluations include to support ethical standards?
Honesty and professional courage as objectives
These objectives guide the behavior and decision-making of internal auditors.
What type of feedback can serve as evidence for the ethical conduct of internal auditors?
Feedback from key stakeholders regarding the honesty and courage of internal auditors
This feedback is essential for assessing the ethical climate within an organization.
