Regarding independence and objectivity in internal auditing, which statements are true?

Regarding independence and objectivity in internal auditing, which statements are true?

• A. I and II
• B. I and III
• C. I, II, and III
• D. III only

Answer: (B)

Independence and objectivity are the backbone of credible internal auditing. Independence means the audit function operates free from interference by those who could be affected by the audit results, typically by reporting to the board or audit committee and having wide access to records and people. Objectivity means the auditor maintains impartiality in planning, performing, and communicating findings, avoiding conflicts of interest and any influence that could bias judgment. If the first and third statements align with having an independent position for the audit activity (free from management interference) and maintaining impartial, unbiased judgment in all work, those are precisely the aspects that uphold both independence and objectivity. Hence, the combination of those two statements is the true reflection of how independence and objectivity should function in internal auditing. A statement suggesting that independence or objectivity can be compromised or that management can influence outcomes would not fit these principles, which is why only the first and third statements are correct.

Independence and objectivity are the backbone of credible internal auditing. Independence means the audit function operates free from interference by those who could be affected by the audit results, typically by reporting to the board or audit committee and having wide access to records and people. Objectivity means the auditor maintains impartiality in planning, performing, and communicating findings, avoiding conflicts of interest and any influence that could bias judgment.

If the first and third statements align with having an independent position for the audit activity (free from management interference) and maintaining impartial, unbiased judgment in all work, those are precisely the aspects that uphold both independence and objectivity. Hence, the combination of those two statements is the true reflection of how independence and objectivity should function in internal auditing.

A statement suggesting that independence or objectivity can be compromised or that management can influence outcomes would not fit these principles, which is why only the first and third statements are correct.