AUD241 Ethics Revision

Walter Wiseman an internal auditor at ABC, holds a 45% shareholding in this company

Discuss the above scenario at the hand of GIAS Domain II.

Joe, the internal auditor manager at ABC, is offered a high ranking position within the company’s purchasing department. Joe is currently engaged in an audit of that department.

Discuss the above considering the requirements of GIAS Domain II.

Mike was an internal auditor for 8 years before starting his own tax consultancy business.  After 15 years working in his own consultancy, Mike decided to return to the profession of internal auditing and he is offered an internal audit position at Sanlam.

Discuss with reference to IIA's GIAS Domain II

The marketing director of Bugs Ltd has offered to take the internal audit team on a fully paid vacation to Sun City if the internal audit team complete their audit within 20 days. He promised that this could turn into a yearly tradition if the internal audit team do not exceed the 20 day limit on this audit.

The financial director of Bugs Ltd has a domineering personality and act very aggressively towards internal audit. According to him, internal audit is “a waste of time” and he offers his insight to all in the company.