Question

In the IIAs Professional Practice Framework, which of the following is mandatory guidance?

I. Implementation Guidance
II. The Code of Ethics
III. The definition of internal auditing
IV. The International Standards for the Professional Practice of Internal Auditing (The Standards)
Select one:
a. I, II, and IV only.
b. II and IV only.
c. II, III, and IV only.
d. I, II, III, and IV.

Answer 1

The Code of Ethics and the International Standards for the Professional Practice of Internal Auditing (The Standards) are mandatory guidance in the IIAs Professional Practice Framework. The correct option is - b. II and IV only.

Step-by-step explanation:

In the IIAs Professional Practice Framework, The Code of Ethics is mandatory guidance. The Code of Ethics sets out the principles and expectations for the ethical conduct of internal auditors. It provides guidance on integrity, objectivity, confidentiality, and professional competence. Internal auditors are required to adhere to the Code of Ethics to ensure they maintain the highest ethical standards in their work.

Additionally, the International Standards for the Professional Practice of Internal Auditing (The Standards) are also mandatory guidance. The Standards provide a framework for effective and efficient internal auditing. They cover areas such as independence, objectivity, performance, and reporting. Internal auditors must follow these standards to ensure their work is of high quality and meets professional expectations.