TRUE OR FALSE

. Financial audit is an internal audit which is historically oriented , independent evaluation performed by the internal auditor for the purpose of ensuring the fairness , accuracy and reliability of financial data.

Management representation refers to the closeness with which the assertions can be identified to a established criteria.

Professional judgment is the state of mind that permits the expression of a conclusion without being affected by influences that compromise professional judgment, thereby allowing an individual to act with integrity, and exercise objectivity and professional skepticism.

Maintaining professional competence requires a continuing awareness and an understanding of relevant technical, professional, business and technology-related developments.

A conflict of interest creates threats to compliance with the principle of objectivity and might create threats to compliance with the other fundamental principles