CIA Part 1 || A Verified A+ Pass.

4 Elements for Mandatory Guidance correct answers 1) Core Principles 2) Definition of IA 3) Code of Ethics 4) Standards Conformance with IPPF correct answers core principles and definition of IA are reflected in the Code of Ethics and Standards Standards correct answers are used with requirements of other authoritative bodies, internal audit communications also may cite the other requirements. But, if the Standards and other requirements are inconsistent, internal auditors must conform with the Standards and may conform with the other requirements if they are more restrictive. Core Principles correct answers 1) Demonstrates integrity. 2) Demonstrates competence and due professional care. 3) Is objective and free from undue influence (independent). 4) Aligns with the strategies, objectives, and risks of the organization. 5) Is appropriately positioned and adequately resourced. 6) Demonstrates quality and continuous improvement. 7) Communicates effectively. 8) Provides risk-based assurance. 9) Is insightful, proactive, and future-focused. 10) Promotes organizational improvement." Def of IA correct answers IA is an independent, objective assurance and consulting activity designed to add value and improve an org's operations. It helps an org accomplish its objectives by bringing systematic, disciplined approach to evaluate and improve the effectiveness of risk mgmt, control, and governance processes Standards Purposes correct answers 1) Guide adherence with the mandatory elements of the International Professional Practices Framework. 2) Provide a framework for performing and promoting a broad range of value-added internal auditing services. 3) Establish the basis for the evaluation of internal audit performance. 4) Foster improved organizational processes and operations." Attribute Standards correct answers describe the characteristics of organizations and parties providing internal auditing services. They govern the responsibilities, attitudes, and actions of the organization's internal audit activity and the people who serve as internal auditors. Attribute Standards are displayed in green boxes throughout this text to emphasize their importance. Performance Standards correct answers describe and govern the nature of internal auditing and provide quality criteria for evaluation of internal audit performance.