ACC 312G – FINAL EXAM 1 – 2024/2025
WITH 100% ACCURATE SOLUTIONS
An internal auditor who knowingly is a party to an illegal activity
violates which rule of conduct?
A Confidentiality
B Integrity
C Objectivity
D Competency - Precise Answer ✔✔B
An internal auditor who accepts anything that may impair his or her
independence violates which rule of conduct?
A Confidentiality
B Integrity
C Competency
D Objectivity - Precise Answer ✔✔D
An internal auditor who does not continue to improve her or his
proficiency violates which rule of conduct?
A Competency
,B Confidentiality
C Objectivity
D Integrity - Precise Answer ✔✔A
An internal auditor who uses information for personal gain violates
which rule of conduct?
A Confidentiality
B Competency
C Integrity
D Objectivity - Precise Answer ✔✔A
An internal auditor who does not disclose all material facts violates
which rule of conduct?
A Competency
B Integrity
C Objectivity
D Confidentiality - Precise Answer ✔✔C
Which is not part of the mandatory guidance for the International
Professional Practices Framework?
A Code of Ethics
,B Definition of Internal Auditing
C Implementation Guidance
D International Standards for the Professional Practice of Internal
Auditing - Precise Answer ✔✔C
Which is not part of the Definition of Internal Auditing?
A Confidentiality
B Consulting Activity
C Independent Activity
D Adds Value
E Objective Assurance Activity - Precise Answer ✔✔A
If the first digit of a Standard is 2, what type of standard is it?
A Performance
B Attribute
C Assurance
D Consulting - Precise Answer ✔✔A
What type of Standard is 2410.C1?
A Performance Assurance
, B Attribute Assurance
C Performance Consulting
D Attribute Consulting - Precise Answer ✔✔C
Which is NOT one of the Core Principles for the Professional Practice of
Internal Auditing?
A Promotes organizational improvement
B Provides error-free judgment
C Demonstrates integrity
D Communicates effectively - Precise Answer ✔✔B
Which is not a limitation of Enterprise Risk Management (ERM)?
A Errors, mistakes, or faulty judgment
B Cost versus benefit
C Control circumvention by collusion
D Management override
E Absolute assurance of achievement of entity objectives - Precise
Answer ✔✔E
Which is not a risk response of Enterprise Risk Management (ERM)?
A Align mission with risk appetite
WITH 100% ACCURATE SOLUTIONS
An internal auditor who knowingly is a party to an illegal activity
violates which rule of conduct?
A Confidentiality
B Integrity
C Objectivity
D Competency - Precise Answer ✔✔B
An internal auditor who accepts anything that may impair his or her
independence violates which rule of conduct?
A Confidentiality
B Integrity
C Competency
D Objectivity - Precise Answer ✔✔D
An internal auditor who does not continue to improve her or his
proficiency violates which rule of conduct?
A Competency
,B Confidentiality
C Objectivity
D Integrity - Precise Answer ✔✔A
An internal auditor who uses information for personal gain violates
which rule of conduct?
A Confidentiality
B Competency
C Integrity
D Objectivity - Precise Answer ✔✔A
An internal auditor who does not disclose all material facts violates
which rule of conduct?
A Competency
B Integrity
C Objectivity
D Confidentiality - Precise Answer ✔✔C
Which is not part of the mandatory guidance for the International
Professional Practices Framework?
A Code of Ethics
,B Definition of Internal Auditing
C Implementation Guidance
D International Standards for the Professional Practice of Internal
Auditing - Precise Answer ✔✔C
Which is not part of the Definition of Internal Auditing?
A Confidentiality
B Consulting Activity
C Independent Activity
D Adds Value
E Objective Assurance Activity - Precise Answer ✔✔A
If the first digit of a Standard is 2, what type of standard is it?
A Performance
B Attribute
C Assurance
D Consulting - Precise Answer ✔✔A
What type of Standard is 2410.C1?
A Performance Assurance
, B Attribute Assurance
C Performance Consulting
D Attribute Consulting - Precise Answer ✔✔C
Which is NOT one of the Core Principles for the Professional Practice of
Internal Auditing?
A Promotes organizational improvement
B Provides error-free judgment
C Demonstrates integrity
D Communicates effectively - Precise Answer ✔✔B
Which is not a limitation of Enterprise Risk Management (ERM)?
A Errors, mistakes, or faulty judgment
B Cost versus benefit
C Control circumvention by collusion
D Management override
E Absolute assurance of achievement of entity objectives - Precise
Answer ✔✔E
Which is not a risk response of Enterprise Risk Management (ERM)?
A Align mission with risk appetite
