According to the IIA Code of Ethics, which of the following best describes the conduct of an internal auditor who demonstrates the principle of competency?

Question

Options

• AThe auditor is prudent in the use and protection of information acquired in the course of his work.
• BThe auditor does not accept anything that may impair or be presumed to impair his professional
• CThe auditor does not perform services in a particular area when he lacks skills in that area.
• DThe auditor performs work with honesty, diligence, and responsibility.

• A
  4% (1)
• B
  8% (2)
• C
  84% (21)
• D
  4% (1)

Explanation

Option C directly reflects the IIA's Competency principle, which requires auditors to engage only in services for which they possess - or can reasonably acquire - the necessary knowledge, skills, and experience. Performing work in an area where you lack proficiency would be incompetent and potentially harmful to the organization.

Option A ("prudent use and protection of information") describes Confidentiality, not competency. Option B ("not accepting anything that impairs professional judgment") maps to Objectivity. Option D ("honesty, diligence, and responsibility") defines Integrity.

Memory tip: The four IIA principles spell CICO - Confidentiality, Integrity, Competency, Objectivity. For competency specifically, think "Can I do this?" - if the answer is no, a competent auditor steps back.

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