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AUI 2601 EXAM PACK 2021
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AUI 2601 EXAM PACK 2021
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AUI 2601 EXAM PACKMAY/JUNE
1.1.B - To enhance and protect organizational value by providing risk-based and objective assurance,
advice, and insight.
1.2 .C 1 and iv
Inquisitive awareness of new developments. Insight into the technological influences on the
applicable disciplines, together with an interest in learning more about matters in which he or
she is not proficient or new developments.
Good interpersonal relations. Being part of the organization, internal auditors should be
able to maintain very good interpersonal relations.
Diligence and patience. Internal auditors must be able to exercise patience. Repetitive and
routine work, although monotonous, should not affect their attention and concentration.
Objectivity and confidence. Internal auditors should have the courage of their convictions,
and should not hesitate to criticize justly or disclose the truth.
Practical approach. Internal auditors must be practical and never allow theoretical
knowledge
Professionalism. Internal auditors should always adhere to their high professional calling and
the ethical code that governs the profession, always acting sincerely, honestly and impartially.
Independence and sound judgement. Internal auditors must be completely independent, in
mind as well as in their external relations with management and the auditee.
Integrity. Integrity has to do with uprightness and honesty. Internal auditor's integrity should
never be in doubt.
1.3.C – The internal audit charter
The IPPF includes the following elements:
The Definition of Internal Auditing
2. The Code of Ethics
3. The International Standards for the Professional Practice of Internal Auditing (Standards)
4. Core Principles for the Professional Practice of Internal Auditing
5. Implementation Guidance (to replace existing Practice Advisories)
6. Supplementary Guidance – all Practice Guides, Global Technology Audit Guides (GTAGs) and
Guides to the Assessment of IT Risks (GAIT)
MR BLESSING K 0742 523 282 blekufakwenyika@gmailcom
, 1.4.D- The main objective of internal auditing is determined by the needs of the management of an
organization in order to assist them in the improvement of risk management, control and governance
processes as well as the effective discharge of their responsibilities. The internal auditor must ensure
that these needs are satisfied by the internal audit report addressed to management.
The objective of internal auditing is to assist members of executive and senior management in the
effective discharge in their duties and responsibilities with regard to risk management; control and
governance
1.5.C – procedures manual
1.6.A - The organizational independence and individual objectivity of internal auditors must be such
that they always report to the highest authority. This is the only reliable way of ensuring that they
remain independent and are respected throughout the hierarchy of the organization. The audit
committee plays an important role in making sure that the internal audit activity is independent.
1.7.D
1.8.B – Recommend an investigation if appropriate
1.9.D- be convincing enough
1.10. B- Integrity – Internal auditors shall perform their work with honesty, diligence, and
responsibility. Competency – Internal auditors shall engage only in those services for which they
have the necessary knowledge, skills, and experience.
1.11.C- Both
1.12.A
1.13.A
The internal audit activity will govern itself by adherence to The Institute of Internal Auditors'
mandatory guidance including the Definition of Internal Auditing, the Code of Ethics, and the
International Standards for the Professional Practice of Internal Auditing (Standards). This mandatory
guidance constitutes principles of the fundamental requirements for the professional practice of
internal auditing and for evaluating the effectiveness of the internal audit activity’s performance.
Adherence to the IPPF is mandatory or strongly recommended:
Mandatory – Compliance is required and is essential for all members of the Institute of Internal
Auditors and the guidance is developed following due processes, which includes public exposure.
MR BLESSING K 0742 523 282 blekufakwenyika@gmailcom
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