QUESTION 15

An internal auditor has recently received an offer from the manager of the marketing department of a weekend's free use of his beachfront apartment. No engagement is currenty being conducted in the marketing department, and none is scheduled. The Internal auditor

		May accept the offer because its value is immaterial
		May accept the offer because no enagament is being conducted or planned
		Should reject the offer and report it to the appropriate supervisor
		May accept the offer if approved by the appropriate supervisor

2 points

QUESTION 16

When should an auditing firm disclose or report a company financial position to other stakeholders:

		When the company has achieved high profit
		When the company has followed all new regulation
		When the company is involved in financial malpractice
		When the company has appointed a new chairman