Certified Internal Auditor (CIA) Practice Test

What conduct does The IIA's Code of Ethics require from internal auditors?

1. Honesty, diligence, and responsibility

2. Timeliness, sobriety, and clarity

3. Knowledge, skills, and competencies

4. Punctuality, objectivity, and responsibility

The correct answer is: Honesty, diligence, and responsibility

The IIA's Code of Ethics emphasizes the importance of several key principles that internal auditors must uphold in their professional conduct. The correct answer highlights "honesty, diligence, and responsibility" as essential attributes. Honesty refers to the necessity for internal auditors to be truthful and straightforward in their communications and actions. It is fundamental in building trust with stakeholders and ensuring that the findings and recommendations made by auditors are credible. Diligence reflects the commitment of internal auditors to perform their work meticulously and thoroughly. It signifies that auditors should take their responsibilities seriously and act with careful attention to detail, ensuring that their evaluations are comprehensive and accurate. Responsibility indicates that internal auditors are accountable for their actions and the conclusions they draw. It encompasses the ethical obligation to act in the best interests of the organization and its stakeholders while adhering to the relevant laws and regulations. These elements collectively form a solid foundation for ethical behavior in the auditing profession, helping to maintain integrity, professionalism, and credibility in internal audit activities.