As indicated in the Standards, the internal audit function must be independent, and internal auditors must be objective in performing their work. As indicated in the chapter reading, independence and objectivity together represent one of three pillars supporting effective internal audit services. It is also important to note that independence and objectivity are two distinct, yet interrelated, concepts that are fundamental to providing value-adding internal audit services. Use the Knowledge Leader website and perform the following:
A. Authenticate to the Knowledge Leader website using your username and password.
B. Perform research and define what it means for an internal auditor to be independent. Contrast internal audit independence with internal auditor objectivity. Why is it important for an internal audit function