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17 an internal auditor observes that a receivables

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17. An internal auditor observes that a receivables clerk has physical access to and control ofcash receipts. The auditor worked with the clerk several years before and has a high level oftrust in the individual. Accordingly, the auditor notes in the working papers that controls overreceipts are adequate. Is the auditor in compliance with the Standards?a. Yes, reasonable care has been takenb. No, irregularities were not notedc. No, alertness to conditions where irregularities are most likely was not shownd. Yes, the working papers were annotated
18. The Code of Ethics requires IIA members to exercise three particular qualities in theperformance of their duties. These qualities are
19. A Certified Internal Auditor, working for a chemical manufacturer, believed that toxicwaste was being dumped in violation of the law. Out of loyalty to the company, no evidenceregarding the dumping was collected. The auditor
20. During the course of an audit, an auditor discovers that a clerk is embezzling companyfunds. Although this is the first embezzlement ever encountered and the organization has asecurity department, the auditor decides to personally interrogate the suspect. If the auditor isviolating the Code of Ethics, the rule violated is most likely
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Term
Spring
Professor
Jongpid Sirirut
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