The chief audit executive is revising policies relating to independence and objectivity of the internal audit activity. Which of the following would be a part of the revised policies document?
The chief audit executive is revising policies relating to independence and objectivity of the internal audit activity. Which of the following would be a part of the revised policies document?
To ensure independence and objectivity, it is important for internal auditors to report any high-value gifts received from an audit client to their supervisor. This policy helps to maintain transparency and avoids any potential conflicts of interest, ensuring that auditors remain unbiased in their assessments and decisions.
A is also correct
Any auditor need not receive high-value gifts from an audit client. At the very least, the auditor can mention the offer proposal to the audit manager in order to know how to handle the relationship with the client.