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What does independence entail in the context of the IT audit function?
What does independence entail in the context of the IT audit function?
- Performing nonaudit roles in IT initiatives
- Reporting to multiple levels within the enterprise
- Self-governance and freedom from conditions that threaten objectivity (correct)
- Managing threats to objectivity at the engagement level only
How can independence be supported in the audit function according to the text?
How can independence be supported in the audit function according to the text?
- Reporting to a level that provides organizational independence (correct)
- Withholding information about any impairment to independence
- Performing nonaudit roles in IT initiatives
- Failing to address independence and accountability in the charter or engagement letter
What is a key action to take if independence is impaired according to the text?
What is a key action to take if independence is impaired according to the text?
- Ignore the impairment and continue with the audit
- Move the audit function to report directly to a department head
- Hide any signs of potential impairment
- Disclose the details of the impairment to the appropriate parties (correct)
Why should the audit function not perform nonaudit roles in IT initiatives?
Why should the audit function not perform nonaudit roles in IT initiatives?
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