ACC 312G Exam 1 Questions and
answers | Updated 2024/25
Which is not part of the mandatory guidance for the International Professional Practices
II II II II II II II II II II II II
Framework? - Implementation Guidance
II II II II II II
II IIWhich is not part of the Definition of Internal Auditing? - Confidentiality
II II II II II II II II II II II II II
II IIIf the first digit of a Standard is 2, what type of standard is it? - Performance
II II II II II II II II II II II II II II II II II II
II IIIf the first digit of a Standard is 1, what type of standard is it? - Attribute
II II II II II II II II II II II II II II II II II II
II IIWhat type of Standard is 2410.C1? - Performance Consulting
II II II II II II II II II II
Which is NOT one of the Core Principles for the Professional Practice of Internal
II II II II II II II II II II II II II II II
Auditing? - Provides error free judgement
II II II II II II II II
An internal auditor who knowingly is a party to an illegal activity violates which rule of
II II II II II II II II II II II II II II II II II
conduct? - Integrity
II II II II II
An internal auditor who accepts anything that may impair his or her independence
II II II II II II II II II II II II II II
violates which rule of conduct? - Objectivity
II II II II II II II II II
An internal auditor who does not continue to improve her or his proficiency violates which
II II II II II II II II II II II II II II II II
rule of conduct? - Competency
II II II II II II II
An internal auditor who uses information for personal gain violates which rule of conduct?
II II II II II II II II II II II II II II II
- Confidentiality
II II II II
An internal auditor who does not disclose all material facts violates which rule of
II II II II II II II II II II II II II II II
conduct? - Objectivity
II II II II II
What is the primary difference between objectivity and independence? - Objectivity is an
II II II II II II II II II II II II II II II II
individual attribute while independence is an organizational attribute.
II II II II II II II II
The Chief Audit Executive should report: - administratively to the Chief Executive Office
II II II II II II II II II II II II II II II II
and functionally to the Board of Directors.
II II II II II II II
Impairment to organizational independence and individual objectivity may include all of
II II II II II II II II II II II II
the following EXCEPT: - Prohibitions on doing consulting engagements.
II II II II II II II II II II II
answers | Updated 2024/25
Which is not part of the mandatory guidance for the International Professional Practices
II II II II II II II II II II II II
Framework? - Implementation Guidance
II II II II II II
II IIWhich is not part of the Definition of Internal Auditing? - Confidentiality
II II II II II II II II II II II II II
II IIIf the first digit of a Standard is 2, what type of standard is it? - Performance
II II II II II II II II II II II II II II II II II II
II IIIf the first digit of a Standard is 1, what type of standard is it? - Attribute
II II II II II II II II II II II II II II II II II II
II IIWhat type of Standard is 2410.C1? - Performance Consulting
II II II II II II II II II II
Which is NOT one of the Core Principles for the Professional Practice of Internal
II II II II II II II II II II II II II II II
Auditing? - Provides error free judgement
II II II II II II II II
An internal auditor who knowingly is a party to an illegal activity violates which rule of
II II II II II II II II II II II II II II II II II
conduct? - Integrity
II II II II II
An internal auditor who accepts anything that may impair his or her independence
II II II II II II II II II II II II II II
violates which rule of conduct? - Objectivity
II II II II II II II II II
An internal auditor who does not continue to improve her or his proficiency violates which
II II II II II II II II II II II II II II II II
rule of conduct? - Competency
II II II II II II II
An internal auditor who uses information for personal gain violates which rule of conduct?
II II II II II II II II II II II II II II II
- Confidentiality
II II II II
An internal auditor who does not disclose all material facts violates which rule of
II II II II II II II II II II II II II II II
conduct? - Objectivity
II II II II II
What is the primary difference between objectivity and independence? - Objectivity is an
II II II II II II II II II II II II II II II II
individual attribute while independence is an organizational attribute.
II II II II II II II II
The Chief Audit Executive should report: - administratively to the Chief Executive Office
II II II II II II II II II II II II II II II II
and functionally to the Board of Directors.
II II II II II II II
Impairment to organizational independence and individual objectivity may include all of
II II II II II II II II II II II II
the following EXCEPT: - Prohibitions on doing consulting engagements.
II II II II II II II II II II II
