Instruction: Briefly answer the following questions: 4-5 SENTENCES ONLY EVERY question1 .An important element of the control environment is the organization’s commitment to ethics and integrity. How might an internal auditor assess the organization’s commitment to ethics and integrity? 2. How might management and internal auditors assess each one of the following?The independence and competence of the board of directorsThe competence of accounting personnelWhether company employees are adhering to the company’s code of conduct 3.What is monitoring? Identify the two major types of monitoring and explain how they could be used by management.I.Ongoing EvaluationII.Separate Evaluations PLEASE NO PLAGIARISM. I WILL GIVE UPVOTES AND COMMENTS. THANKS!

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Answered: .An important element of the control…

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 25RQSC

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Instruction: Briefly answer the following questions: 4-5 SENTENCES ONLY EVERY question

1 .An important element of the control environment is the organization’s commitment to ethics and integrity. How might an internal auditor assess the organization’s commitment to ethics and integrity?

2. How might management and internal auditors assess each one of the following?

1. The independence and competence of the board of directors
2. The competence of accounting personnel
3. Whether company employees are adhering to the company’s code of conduct

3.What is monitoring? Identify the two major types of monitoring and explain how they could be used by management.

I.Ongoing Evaluation

II.Separate Evaluations

PLEASE NO PLAGIARISM. I WILL GIVE UPVOTES AND COMMENTS. THANKS!

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