Internal Auditing Quiz

The IASPPS defines _______________ as an independent, objective assurance and advisory activity designed to add value and improve government operations.

• financial audit

• compliance audit

• performance audit

• internal auditing

The Philippine Internal Audit Framework for Public Sector includes the following elements:

• Definition of Internal Auditing

• all of the above

• Mission

• Core Principles

• Code of Ethics

The ___________ of Internal Auditors establishes trust and thus provides the basis for reliance on their judgement.

• Integrity

• Objectivity

• Confidentiality

• Competence

This is one of the principles of the Code of Ethics in the practice of internal auditing profession where internal auditors apply the knowledge, skills, and experience needed in the performance of internal audit services.

• Integrity

• Objectivity

• Confidentiality

• Competence

The _______ aims to provide the applicable guidelines essential for the professional practice of internal auditing and guidance for establishing, implementing and maintaining effective internal control in all agencies of the government.

• Mission

• Core Principles

• Code of Ethics

• IASPPS with PAGs