Which Situation Most Likely Violates The IIA's Code of Ethics and The Standards?
Which Situation Most Likely Violates The IIA's Code of Ethics and The Standards?
Which Situation Most Likely Violates The IIA's Code of Ethics and The Standards?
Which of the following most likely constitutes a violation of The IIAs Code of Ethics by an internal auditor?
uring the course of an engagement, an internal auditor discovered that a research and
development employee has been patenting new developments that are unrelated to the basic
business of the organization. The organization does not have a specific policy addressing patents
on developments that are not related to its basic business, but it has a general policy that all
important new discoveries by employees are the property of the organization. The employee is
considered one of the most prestigious in the field. The employees actions have been condoned
by local management as an extra incentive to keep the employee at the lab. A decision not to
report the employees action is
Justified because divisional management is aware of the
practice, and it is not in violation of organizational policies.