6/23/25, 4:37 AM MAC 2601 EXAM PACK 2023
MAC 2601 EXAM PACK 2023\\NEWEST VERSION WITH
COMPLETE QUESTIONS AND ACCURATE DETAILED
ANSWERS \LATEST UPDATE ||VERIFIED SOLUTIONS
ALREADY GRADED A+ LATEST UPDATE 2025-2026
4 principles of the code of integrity, objectivity, confidentiality, competency
ethics
perform their work with honesty, diligence and responsibility
observe the law and make disclosures expected by
the law and the profession not knowingly be a party
under the integrity
principle, the internal to any illegal activities or engage in acts that are
auditor shall: discreditable to the profession of internal audit
respect and contribute to the legitimate and ethical objectives of
the organization
Shall not participate in any activity or relationship that
may impair or be presumed to impair their unbiased
assessment.
Shall not accept anything that my impair or presumed
objectivity for internal auditor
to impair their professional judgment.
Example: gift on Christmas from client that could impair
independence
Shall disclose all material facts known to them that if
not disclosed, may distort the reporting of activities
under review.
1/1
2
, 6/23/25, 4:37 AM MAC 2601 EXAM PACK 2023
internal auditors respect the value and ownership of
information they received and do not disclose any
information without appropriate authority unless there
is a legal or professional obligation to do so.
confidentiality
• Shall be prudent in the use and protection of
information acquired in the course of their duties.
• Shall not use information for any personal gain or in
any manner that would be contrary to the law or
detrimental to the legitimate and ethical objectives
of the organization.
internal auditors apply the knowledge, skill, and
experience in the performance of internal audit services
inaccordance with the International standards for the
competency
professional practice of internal auditing
shall continually improve their proficiency and the
effectiveness and quality of their services--- CPEs
3 types of standards attribute, performance standards, implementation standards
attribute standards addresses the attirbutes of organization and individuals
performing internal auditing
Purpose, authority, responsibility.
standard 1000
all defined in the internal audit charter, the CAE must
review the charter and present it to senior mgmt and
board
document that defines the internal audit activity's purpose,
internal audit charter
authority and
responsibility
standard 1100 independence and objectivity
standard 1200 proficiency and due professional care.
proficiency knowledge skills and other competencies needed to fulfill the
internal audit
due professional care the care and skill expected of a reasonably prudent and
competent internal auditor
Standard 1300 quality assurance and improvement program
describe the nature of internal audting and provide
what do performance
standards do quality criteria against which the performance of these
2/1
2
MAC 2601 EXAM PACK 2023\\NEWEST VERSION WITH
COMPLETE QUESTIONS AND ACCURATE DETAILED
ANSWERS \LATEST UPDATE ||VERIFIED SOLUTIONS
ALREADY GRADED A+ LATEST UPDATE 2025-2026
4 principles of the code of integrity, objectivity, confidentiality, competency
ethics
perform their work with honesty, diligence and responsibility
observe the law and make disclosures expected by
the law and the profession not knowingly be a party
under the integrity
principle, the internal to any illegal activities or engage in acts that are
auditor shall: discreditable to the profession of internal audit
respect and contribute to the legitimate and ethical objectives of
the organization
Shall not participate in any activity or relationship that
may impair or be presumed to impair their unbiased
assessment.
Shall not accept anything that my impair or presumed
objectivity for internal auditor
to impair their professional judgment.
Example: gift on Christmas from client that could impair
independence
Shall disclose all material facts known to them that if
not disclosed, may distort the reporting of activities
under review.
1/1
2
, 6/23/25, 4:37 AM MAC 2601 EXAM PACK 2023
internal auditors respect the value and ownership of
information they received and do not disclose any
information without appropriate authority unless there
is a legal or professional obligation to do so.
confidentiality
• Shall be prudent in the use and protection of
information acquired in the course of their duties.
• Shall not use information for any personal gain or in
any manner that would be contrary to the law or
detrimental to the legitimate and ethical objectives
of the organization.
internal auditors apply the knowledge, skill, and
experience in the performance of internal audit services
inaccordance with the International standards for the
competency
professional practice of internal auditing
shall continually improve their proficiency and the
effectiveness and quality of their services--- CPEs
3 types of standards attribute, performance standards, implementation standards
attribute standards addresses the attirbutes of organization and individuals
performing internal auditing
Purpose, authority, responsibility.
standard 1000
all defined in the internal audit charter, the CAE must
review the charter and present it to senior mgmt and
board
document that defines the internal audit activity's purpose,
internal audit charter
authority and
responsibility
standard 1100 independence and objectivity
standard 1200 proficiency and due professional care.
proficiency knowledge skills and other competencies needed to fulfill the
internal audit
due professional care the care and skill expected of a reasonably prudent and
competent internal auditor
Standard 1300 quality assurance and improvement program
describe the nature of internal audting and provide
what do performance
standards do quality criteria against which the performance of these
2/1
2
