Independence is one characteristic that distinguishes independent auditing from inter- nal auditing. The Institute of Internal Auditors, however, stresses the importance of independence in the following, which appears in the Statement of Responsibilities of the Internal Auditor: 

(1) The organization status of the internal auditor and the support accorded to him by management are major determinants of the range and value of the services which management will obtain from the internal auditing function. The head of the internal auditing department, therefore, should be responsible to an officer of sufficient rank in the organization as will assure a broad scope of activities, and adequate consideration of and effective action on the findings or recommendations made by him. 

(2) Since complete objectivity is essential to the audit function, internal auditors should not develop and install procedures, prepare records, or engage in any other activity which they normally would be expected to review and appraise. Compare and contrast the above concept of independence with that of the AICPA.