Certified Government Auditing Professional (CGAP) Practice Exam

Which principles must IIA members uphold in their duties according to The IIA's Code of Ethics?

1. Integrity, objectivity, confidentiality, and competency

2. Timeliness, sobriety, and clarity

3. Knowledge, skills, and discipline

4. Punctuality, loyalty, and dignity

The correct answer is: Integrity, objectivity, confidentiality, and competency

The correct choice is grounded in the essential principles outlined in The IIA's Code of Ethics. Members of the Institute of Internal Auditors (IIA) are required to uphold integrity, objectivity, confidentiality, and competency as cornerstones of their professional conduct. Integrity is fundamental, as it ensures that members are honest and trustworthy in all their actions. Objectivity refers to the ability to make impartial judgments free from conflicts of interest, which is crucial for maintaining the credibility of the auditing profession. Confidentiality emphasizes the importance of protecting sensitive information obtained during the course of audit work, thus building trust with stakeholders. Lastly, competency highlights the need for auditors to possess the necessary skills and knowledge to perform their duties effectively, ensuring that they provide valuable insights and uphold the integrity of the auditing profession. The other choices do not reflect the guiding principles set forth in The IIA's Code of Ethics. Timeliness, sobriety, and clarity, while valuable traits, do not encapsulate the ethical obligations of auditors. Likewise, knowledge, skills, and discipline focus on personal attributes and professional development but lack the comprehensive ethical framework that includes integrity and confidentiality. Punctuality, loyalty, and dignity, although they represent admirable qualities in a workplace, are not specifically