Codes of Ethics

School: Arizona Western College - Course: FIN 672 - Subject: Accounting

There are four parts to the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct, including __________. ethical rulers misdirection about the rules of conduct principles rules of misconduct Solution The correct answer is Principles A purpose of internal auditing is to __________. confirm that internal controls are not working confirm that internal controls are working confirm that financial procedures are leading fraud establish that farming procedures are being followed Solution The correct answer is confirm that internal controls are working Correct Hide solution Question 2 Objectivity means that an internal auditor must __________. perform their duties with the interference of other departments perform their duties without the interference of other departments perform their duties with the interference of managers accept favors Solution

The correct answer is perform their duties without the interference of other departments Correct The more main principles of the Institute of Internal Auditors (IIA) code of ethics are __________. incompetence, objectivity, confidentiality, and integrity confidentiality, integrity, objectivity, and counting integrity, objects, confidentiality, and competence objectivity, integrity, confidentiality, and competence Solution The correct answer is objectivity, integrity, confidentiality, and competence Correct Hide solution Question 2 Internal auditors work with __________ and __________ divisions of an organization to detect fraud, confirm operational processes, handle it in a professional manner, and protect corporate interests. hiring; security legal; operational fraudsters; operational criminals; security