Scribd Logo
Upload

Welcome to Scribd!

  • 24 views

    BAC 4664 Internal Auditing Tutorial 1 Question No. 1

    Uploaded by

    Christoper Yuan
    The primary responsibility of external auditors is to report on an organization's financial statements and determine if they fairly present the financial position and operations. In contrast, the role of internal auditors is broader and deeper, providing information throughout the organization to help managers effectively carry out their responsibilities. All internal auditing professionals must follow the Code of Ethics from the Institute of Internal Auditors, which defines fundamental principles they must uphold. Any violations can result in lost membership and certifications.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    BAC 4664 Internal Auditing Tutorial 1 Question No. 1

    Uploaded by

    Christoper Yuan
    24 views1 page
    The primary responsibility of external auditors is to report on an organization's financial statements and determine if they fairly present the financial position and operations. In contrast, the role of internal auditors is broader and deeper, providing information throughout the organization to help managers effectively carry out their responsibilities. All internal auditing professionals must follow the Code of Ethics from the Institute of Internal Auditors, which defines fundamental principles they must uphold. Any violations can result in lost membership and certifications.

    Original Description:

    auditing

    Original Title

    137324_Tutorial 1

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The primary responsibility of external auditors is to report on an organization's financial statements and determine if they fairly present the financial position and operations. In contrast, the role of internal auditors is broader and deeper, providing information throughout the organization to help managers effectively carry out their responsibilities. All internal auditing professionals must follow the Code of Ethics from the Institute of Internal Auditors, which defines fundamental principles they must uphold. Any violations can result in lost membership and certifications.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    24 views1 page

    BAC 4664 Internal Auditing Tutorial 1 Question No. 1

    Uploaded by

    Christoper Yuan
    The primary responsibility of external auditors is to report on an organization's financial statements and determine if they fairly present the financial position and operations. In contrast, the role of internal auditors is broader and deeper, providing information throughout the organization to help managers effectively carry out their responsibilities. All internal auditing professionals must follow the Code of Ethics from the Institute of Internal Auditors, which defines fundamental principles they must uphold. Any violations can result in lost membership and certifications.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    BAC 4664 Internal Auditing Tutorial 1

    Question No. 1
    The primary responsibility of external auditor is to report on the organisation's financial
    statements. The external auditors aim is to determine whether the statements fairly present the
    financial position of the organisation and the result of its operations for the period.
    But the Internal Auditors have a different function. It is broader and deeper than that of the
    external auditors. It furnishes managers throughout the organisation with information needed to
    effectively discharge their responsibilities. Discuss.

    Question No. 2
    All internal auditing professionals are bound by the Code of Ethics issued by the Institute of
    Internal Auditors. Any violation of its terms is subject to forfeiture of membership and the CIA
    designation.

    Required
    Explain the fundamental principles in the Code of Ethics issued by the Institute of Internal
    Auditors.

    You might also like