Question 14 (4 points) The IIA's Code of Ethics does not specifically include as one of its principles: Independence Confidentiality Competence Objectivity Question 13 (4 points) An internal auditor has a tax practice outside of the company. For which of the following activities would the auditor most likely be considered in violation of the WIA's Code of Ethics? Went on the "Hello Dee" TV show to discuss current individual tax issues. Prepared the CFO's tax return for a fee. Received a fee for teaching "Taxation for Individuals" at the local university at night. Presented a topic related to current tax issues to the local chapter of the Georgia Society of CPA's at their monthly meeting. Question 12 (5 points) In your own words (do not cut and paste), what are some of the factors that have fueled the dramatic increase in the demand for internal audit services over the past 30 years. Your answer does not have to be straight from the book if you have other knowledge A Question 10 (4 points) Which of the following is not a flaw in the standard agency model of corporate governance? Boards are dominated by powerful chief executive officers who manipulate the companies for their own personal agendas. The board of directors of a company are made of primarily of outside directors with no relation to any of the members of senior management. Compensation schemes that encourage high rewards for excessive short term risk taking based on huge bonuses. The board is over committed and doesn't have time to devote to the matters of the company