CIA Part 1 - Q18

18. Internal auditors need have an understanding with respect to which discipline?

a. Internal auditing procedures and techniques.

b. Accounting principles and techniques.

c. Management principles.

d. Marketing techniques.

18. Solution: c

a. Incorrect. The internal auditor needs to be proficient in the auditing procedures and techniques.

b. Incorrect. The internal auditor needs to have an appreciation of accounting principles and techniques.

c. Correct. The internal auditor needs to have an understanding of management principles.

d. Incorrect. Internal auditors generally don’t need to be proficient, or have an understanding, or appreciation of, marketing techniques.