CIA Part 1 - Q11

11. One of the purposes of the Standards for the International Professional Practice of Internal Auditing as stated in the Introduction to the current version of the Standards is to

a. Encourage the professionalization of internal auditing.

b. Establish the independence of the internal audit activity and emphasize the objectivity of internal auditing.

c. Encourage external auditors to make more extensive use of the work of internal auditors.

d. Establish the basis for evaluating internal auditing performance.

11. Solution: d

a. Incorrect. The professionalization of internal auditing is important, but it is not one of the purposes of the Standards.

b. Incorrect. Independence and objectivity are aspects of the internal audit activity, but not one of the purposes of the Standards.

c. Incorrect. This is not one of the purposes of the Standards.

d. Correct. 

According to the IIA, the Standards are intended to: 

(1) State basic principles for the practice of internal auditing; 

(2) Provide a framework for performing and promoting value added internal audit activities; 

(3) Establish the basis for evaluating internal auditing performance; and 

(4) Improve organizational processes and operations.