How often Code of Ethics is asked

Where it was asked

What costs marks here

The questions

1. May/Jun 2017, Q1.41.5 marks · multiple choice

   This is a multiple-choice question worth 18 marks in total. For each of the twelve subsections below, you must select the single alternative you regard as most correct, then write down the subsection number together with the letter preceding your chosen alternative (for example: 1.1 A, 1.2 B). Each subsection is worth one and a half (1½) marks and subsections must be answered in numerical order. An internal auditor holding a Certified Internal Auditor (CIA) qualification applied for a new position with another company as the director of purchasing. Within a month of his appointment, the director signed a contract to procure a large order from a new supplier who had submitted the best tender in terms of price, quality and delivery. Shortly after the contract was signed, the supplier presented the director with a voucher for a weekend breakaway at a game farm. Which one of the following statements about the acceptance of the gift is incorrect?

2. May/Jun 2017, Q4.13 marks

   The International Professional Practices Framework (IPPF) has three mandatory elements: the Definition of Internal Auditing, the Code of Ethics, and the International Standards for the Professional Practice of Internal Auditing (the Standards). Using the Institute of Internal Auditors (IIA) Code of Ethics as your reference, you are required to decide, for each of the scenarios below, whether the conduct described is permissible or not, and to give reasons supporting each of your conclusions. In order to cut organisational costs, the chief audit executive has cancelled all staff training for the next two years, giving as the reason that all the internal audit staff are too new to gain any benefit from such training. Discuss, with reasons, whether this decision is permissible under the IIA Code of Ethics.

3. May/Jun 2017, Q4.23 marks

   The International Professional Practices Framework (IPPF) has three mandatory elements: the Definition of Internal Auditing, the Code of Ethics, and the International Standards for the Professional Practice of Internal Auditing (the Standards). Using the Institute of Internal Auditors (IIA) Code of Ethics as your reference, you are required to decide, for each of the scenarios below, whether the conduct described is permissible or not, and to give reasons supporting each of your conclusions. An internal audit team has made observations and recommendations that are expected to significantly improve the operating efficiency of a department. As a token of appreciation, the department's manager gives James, the internal audit manager, a gift of moderate value. Because the gift shows appreciation for the audit team's work and because it is given during the holiday season, James accepts it. Discuss, with reasons, whether James's acceptance of the gift is permissible under the IIA Code of Ethics.

4. May/Jun 2017, Q4.33 marks

   The International Professional Practices Framework (IPPF) has three mandatory elements: the Definition of Internal Auditing, the Code of Ethics, and the International Standards for the Professional Practice of Internal Auditing (the Standards). Using the Institute of Internal Auditors (IIA) Code of Ethics as your reference, you are required to decide, for each of the scenarios below, whether the conduct described is permissible or not, and to give reasons supporting each of your conclusions. Simon, an internal auditor, has been assigned to audit the human resources department, which is managed by his wife. Discuss, with reasons, whether it is permissible for Simon to perform this audit under the IIA Code of Ethics.

5. May/Jun 2017, Q4.43 marks

   The International Professional Practices Framework (IPPF) has three mandatory elements: the Definition of Internal Auditing, the Code of Ethics, and the International Standards for the Professional Practice of Internal Auditing (the Standards). Using the Institute of Internal Auditors (IIA) Code of Ethics as your reference, you are required to decide, for each of the scenarios below, whether the conduct described is permissible or not, and to give reasons supporting each of your conclusions. Matthew, an internal auditor employed by a manufacturer of office products, has recently completed an internal audit engagement evaluating the marketing function of his employer. Drawing on the experience gained from that engagement, Matthew spends several hours one Saturday working as a paid consultant to a local hospital that intends to carry out an engagement to evaluate its own marketing function. Discuss, with reasons, whether Matthew's conduct is permissible under the IIA Code of Ethics.

6. May/Jun 2017, Q4.53 marks

   The International Professional Practices Framework (IPPF) has three mandatory elements: the Definition of Internal Auditing, the Code of Ethics, and the International Standards for the Professional Practice of Internal Auditing (the Standards). Using the Institute of Internal Auditors (IIA) Code of Ethics as your reference, you are required to decide, for each of the scenarios below, whether the conduct described is permissible or not, and to give reasons supporting each of your conclusions. An internal auditor did not report significant findings about illegal activity to the audit committee, because management had indicated that it would handle the issue itself. Discuss, with reasons, whether the internal auditor's failure to report is permissible under the IIA Code of Ethics.

7. May/Jun 2016, Q1.101.5 marks · multiple choice

   This multiple-choice question requires you to select, for each numbered subsection, the single alternative you regard as most correct, and to write down the subsection number together with the letter of your chosen answer, answering the subsections in numerical order (for example 1.1 A, 1.2 B). Each of the fourteen subsections counts 1½ marks. State what the IIA Code of Ethics requires internal auditors to perform their work with: knowledge, skills and competencies; honesty, diligence and responsibility; punctuality, objectivity and responsibility; or timeliness, sobriety and clarity.

8. May/Jun 2016, Q1.111.5 marks · multiple choice

   This multiple-choice question requires you to select, for each numbered subsection, the single alternative you regard as most correct, and to write down the subsection number together with the letter of your chosen answer, answering the subsections in numerical order (for example 1.1 A, 1.2 B). Each of the fourteen subsections counts 1½ marks. Determine what internal auditors who fail to maintain their proficiency through continuing education could be found to be in violation of: the International Standards for the Professional Practice of Internal Auditing; the IIA's Code of Ethics; both the International Standards for the Professional Practice of Internal Auditing and the IIA's Code of Ethics; or none of the above answers is correct.

9. May/Jun 2016, Q1.121.5 marks · multiple choice

   This multiple-choice question requires you to select, for each numbered subsection, the single alternative you regard as most correct, and to write down the subsection number together with the letter of your chosen answer, answering the subsections in numerical order (for example 1.1 A, 1.2 B). Each of the fourteen subsections counts 1½ marks. Identify which of the following activities is presumed to impair the objectivity of an internal auditor, where the activities listed are: (i) recommending standards of controls for a new information system application; (ii) drafting procedures for running a new computer application to ensure that proper controls are installed; and (iii) performing reviews of procedures for a new computer application before it is installed.

10. Oct/Nov 2013, Q1.91.5 marks · multiple choice

    For each part of this multiple-choice question, choose only the one alternative you consider most correct. Write down the sub-question number followed by the letter of the alternative you selected, and answer the parts in numerical order, for example 1.1 A, 1.2 B. Each part counts 1½ marks. (Questions adapted from Vallabhaneni: CIA Exam Review.) During the course of an internal audit, an internal auditor discovers that a clerk is defrauding the company. Although this is the first fraud ever encountered at the organisation and the organisation has a security department, the internal auditor decides to personally interrogate the suspect. Which rule in the IIA Code of Ethics has most likely been violated?

11. May/Jun 2013, Q1.11.5 marks · multiple choice

    Candidates must answer this multiple-choice question by choosing only one alternative that they consider most correct for each subsection, writing down the subsection number together with the letter of the alternative chosen, and answering the subsections in numerical order (for example, 1.1 A, 1.2 B). Each subsection counts 1½ marks. According to the Institute of Internal Auditors' Code of Ethics, identify which of the following is NOT one of the specific principles that internal auditors are expected to apply and uphold.

12. May/Jun 2012, Q1.11.5 marks · multiple choice

    This question consists of twelve multiple-choice items, each worth 1½ marks. For each item you must choose the single most correct alternative, then in your answer book write the sub-question number followed by the letter of your chosen option (for example 1.1 A, 1.2 C), answering the items in numerical order. The IIA Standards require internal auditors to remain objective when conducting internal audits. Suppose the chief audit executive (CAE) receives an annual bonus forming part of his or her remuneration package. Under which circumstance would this bonus most likely impair the CAE's objectivity?

13. May/Jun 2012, Q1.21.5 marks · multiple choice

    This question consists of twelve multiple-choice items, each worth 1½ marks. For each item you must choose the single most correct alternative, then in your answer book write the sub-question number followed by the letter of your chosen option (for example 1.1 A, 1.2 C), answering the items in numerical order. Management asks the internal audit function to carry out an operational audit of the telephone marketing operations of a major division, and also to recommend procedures and policies that would improve management control over that operation. What should the internal auditor do?

14. May/Jun 2012, Q1.61.5 marks · multiple choice

    This question consists of twelve multiple-choice items, each worth 1½ marks. For each item you must choose the single most correct alternative, then in your answer book write the sub-question number followed by the letter of your chosen option (for example 1.1 A, 1.2 C), answering the items in numerical order. While conducting an internal audit, an internal auditor discovers that a clerk is defrauding the company. Even though this is the first fraud ever encountered at the organisation, and even though the organisation has its own security department, the internal auditor decides to personally interrogate the suspect. If the internal auditor is violating the Code of Ethics by doing so, which rule has most likely been violated?

15. May/Jun 2012, Q1.71.5 marks · multiple choice

    This question consists of twelve multiple-choice items, each worth 1½ marks. For each item you must choose the single most correct alternative, then in your answer book write the sub-question number followed by the letter of your chosen option (for example 1.1 A, 1.2 C), answering the items in numerical order. During an internal audit, an employee with whom you have built a good working relationship tells you she has information about top management that could damage the organisation and may relate to illegal activities. She does not want her name linked to the release of this information. Which one of the following actions would constitute a violation of the IIA Code of Ethics and Standards?