WGU D560 Internal Auditing I OA | Objective
Assessment | 59 Questions and Answers | 2026
New Update | 100% Correct.
Question 1
According to the IIA’s International Professional Practices
Framework (IPPF), which of the following
is mandatory guidance?
A) Practice Advisories
B) Position Papers
C) The Code of Ethics
D) Implementation Guides
Correct Answer: C — The Code of Ethics
Rationale: Mandatory guidance includes the Core
Principles, Definition of Internal Auditing, Code of Ethics,
and Standards. Practice Advisories, Position Papers, and
Implementation Guides are strongly recommended but
not mandatory.
1
,Question 2
Which of the following best describes the IIA’s official
definition of internal auditing?
A) A compliance function focused on adherence to laws
and regulations
B) A consulting activity focused exclusively on financial
statement accuracy
C) An independent, objective assurance and consulting
activity designed to add value and improve an
organization’s operations
D) A detective function designed to identify fraud after it
occurs
Correct Answer: C
Rationale: The IIA defines internal auditing as “an
independent, objective assurance and consulting activity
designed to add value and improve an organization’s
operations.” It is broader than compliance or fraud
detection.
2
,Question 3
Which of the following is NOT one of the IIA’s Core
Principles for the Professional Practice of Internal Auditing?
A) Demonstrates integrity
B) Is objective
C) Maximizes shareholder wealth
D) Is competent
Correct Answer: C — Maximizes shareholder wealth
Rationale: The 10 Core Principles include integrity,
objectivity, competency, confidentiality, due professional
care, risk-based approach, adds value, coordinates with
others, communicates effectively, and improves
governance. Shareholder wealth is not a core principle.
Question 4
Under the IIA Code of Ethics, which principle requires
internal auditors to respect the value of information
received and not disclose it without appropriate authority?
A) Integrity
3
, B) Objectivity
C) Competency
D) Confidentiality
Correct Answer: D — Confidentiality
Rationale: The Confidentiality principle explicitly states
that internal auditors shall respect the value and
ownership of information they receive and not disclose
information without appropriate authority unless
obligated by legal or professional requirements.
Question 5
An internal auditor accepts a gift from an auditee that
could reasonably be seen to influence their judgment.
Which Code of Ethics principle has been violated?
A) Competency
B) Integrity
C) Objectivity
D) Confidentiality
4
Assessment | 59 Questions and Answers | 2026
New Update | 100% Correct.
Question 1
According to the IIA’s International Professional Practices
Framework (IPPF), which of the following
is mandatory guidance?
A) Practice Advisories
B) Position Papers
C) The Code of Ethics
D) Implementation Guides
Correct Answer: C — The Code of Ethics
Rationale: Mandatory guidance includes the Core
Principles, Definition of Internal Auditing, Code of Ethics,
and Standards. Practice Advisories, Position Papers, and
Implementation Guides are strongly recommended but
not mandatory.
1
,Question 2
Which of the following best describes the IIA’s official
definition of internal auditing?
A) A compliance function focused on adherence to laws
and regulations
B) A consulting activity focused exclusively on financial
statement accuracy
C) An independent, objective assurance and consulting
activity designed to add value and improve an
organization’s operations
D) A detective function designed to identify fraud after it
occurs
Correct Answer: C
Rationale: The IIA defines internal auditing as “an
independent, objective assurance and consulting activity
designed to add value and improve an organization’s
operations.” It is broader than compliance or fraud
detection.
2
,Question 3
Which of the following is NOT one of the IIA’s Core
Principles for the Professional Practice of Internal Auditing?
A) Demonstrates integrity
B) Is objective
C) Maximizes shareholder wealth
D) Is competent
Correct Answer: C — Maximizes shareholder wealth
Rationale: The 10 Core Principles include integrity,
objectivity, competency, confidentiality, due professional
care, risk-based approach, adds value, coordinates with
others, communicates effectively, and improves
governance. Shareholder wealth is not a core principle.
Question 4
Under the IIA Code of Ethics, which principle requires
internal auditors to respect the value of information
received and not disclose it without appropriate authority?
A) Integrity
3
, B) Objectivity
C) Competency
D) Confidentiality
Correct Answer: D — Confidentiality
Rationale: The Confidentiality principle explicitly states
that internal auditors shall respect the value and
ownership of information they receive and not disclose
information without appropriate authority unless
obligated by legal or professional requirements.
Question 5
An internal auditor accepts a gift from an auditee that
could reasonably be seen to influence their judgment.
Which Code of Ethics principle has been violated?
A) Competency
B) Integrity
C) Objectivity
D) Confidentiality
4
