TIAPS Module 1 Audit and Assurance workbook
B.1.2 Independence, Objectivity, and Competency IIA Internal Audit Competency Framework Due Professional Care: General Awareness: Describe due professional care. Applied Knowledge: Demonstrate due professional care. Expert: Evaluate and conclude on the application of due professional care. 25 Competency is a principle of the Code of Ethics and a prerequisite for maintaining objectivity. The IIA Competency Framework is discussed in more detail in section C.1.6. 25 Internal Audit Competency Framework, The IIA, 2022. 30
B.1: Reflection Is it possible to be objective but not independent? Or independent but not objective? Sometimes internal auditors are asked: you are employed by the organization, you are familiar with its activities and individuals, so how can you be truly independent and objective? How would you respond to such a challenge? 31
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- Page 3 and 4: Table of Contents Module 1: Audit a
- Page 5 and 6: Relevant Standards Reference is mad
- Page 7 and 8: • Close scrutiny. The activities
- Page 9 and 10: A.2 Public Sector Governance IIA In
- Page 11 and 12: The need for governance arises for
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- Page 19 and 20: A.3.3 CIPFA International Framework
- Page 21 and 22: 8. Ensure that its arrangements for
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- Page 25 and 26: A.3: Reflection Which model or mod
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- Page 33 and 34: According to The IIA Position Paper
- Page 35 and 36: B.2: Reflection When was the last t
- Page 37 and 38: When independence or objectivity ar
- Page 39 and 40: B.4 Safeguards for Independence and
- Page 41 and 42: In other cases, there is no audit c
- Page 43 and 44: C. Assurance and Advisory Engagemen
- Page 45 and 46: It is common to build an allowance
- Page 47 and 48: The following list is taken from Sa
- Page 49 and 50: helping managers developing control
- Page 51 and 52: C.1.5 Internal Audit Opinions Audit
- Page 53 and 54: Leadership and Communication Intern
- Page 55 and 56: C.2 Auditing Governance The IIA Sup
- Page 57 and 58: C.2: Reflection How does your inter
- Page 59 and 60: Fraud may be perpetrated via measur
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- Page 63 and 64: Management Issues • Lack of area
- Page 65 and 66: Risk management techniques can be a
- Page 67 and 68: IT controls may be manual, automate
- Page 69 and 70: The IIA’s Cybersecurity Toolkit d
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B.1.2 Independence, Objectivity, <strong>and</strong> Competency<br />
IIA Internal <strong>Audit</strong> Competency Framework<br />
Due Professional Care:<br />
General Awareness: Describe due professional care.<br />
Applied Knowledge: Demonstrate due professional care.<br />
Expert: Evaluate <strong>and</strong> conclude on the application of due professional care. 25<br />
Competency is a principle of the Code of Ethics <strong>and</strong> a prerequisite for maintaining<br />
objectivity.<br />
The IIA Competency Framework is discussed in more detail in section C.1.6.<br />
25<br />
Internal <strong>Audit</strong> Competency Framework, The IIA, 2022.<br />
30
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