A $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ is $$a situation in which an internal auditor, who is in a position of trust, has a competing professional or personal interest$($Interpretation of Standard $1120$: Individual Objectivity$).$ Circumstances that cause conflicts of interest for an internal auditor include, for example:

$$ A senior management from another area of the organization is asked to be the CAE.

$$ Auditing the area of the organization for which he or she was recently responsible $($withing $\_\_\_\_\_\_\_\_\_\_$ year$).$

$$ Auditing an area of the organization in which a relative or close friend works.

$$ Having an economic stake in the outcomes of his or her work.

$$

Internal audit $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ means that individual internal auditors and the internal audit function have the knowledge, skills, and other competencies needed to fulfill their responsibilities.

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$means that individual internal auditors and the internal audit function apply the care and skill expected of $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$and $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ internal auditors.

An internal audit function$$s quality assurance and improvement program $$is designed to enable an evaluation of the internal audit $[$function$$s$]$ conformance with the $\_\_\_\_\_\_\_\_\_\_\_\_\_$and an evaluation of whether internal auditors comply with the $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$ The program also assesses the $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ of the internal audit $[$function$]$ and identifies opportunities for improvement$($Interpretation to Standard $1300$: Quality Assurance and Improvement Program$).$