Domain II: Ethics & Professionalism, Principle 3 Demonstrate Competency

Question 1

Principle 3 Demonstrate Competency

Internal auditors apply the knowledge, skills, and abilities to fulfill their roles and
responsibilities successfully.

Broad description for Principle 3

Answer 1

• Competency in Internal Auditing: Internal auditors must develop essential knowledge, skills, and abilities.
• Diverse Service Requirements: Competencies vary based on the services provided.
• Continuous Professional Development: Ongoing learning enhances service effectiveness and quality

Question 2

Standard 3.1 Competency

Requirements

Mandatory practices for IA

Answer 2

1. Competencies: Internal auditors need the right skills and knowledge for their job and experience level.
2. Standards Knowledge: They must know The IIA’s Global Internal Audit Standards.
3. Service Engagement: Only take on tasks they are competent in or can learn.
4. Continuous Development: Keep improving skills to meet job responsibilities.
5. Chief Audit Executive’s Role: Ensure the audit team has or acquires the necessary skills

Question 3

Standard 2.3 Disclosing Impairment to Objectivity

Considerations for Implementation

Common practices to consider when applying the requirements.

Question 4

Standard 2.3 Disclosing Impairment to Objectivity

Examples of Evidence of Conformance

Proof that the requirements are being followed.

Question 5

Standard 3.1 Competency

Requirements

Mandatory practices for IA

Question 6

Standard 2.3 Disclosing Impairment to Objectivity

Considerations for Implementation

Common practices to consider when applying the requirements.

Question 7

Standard 2.3 Disclosing Impairment to Objectivity

Examples of Evidence of Conformance

Proof that the requirements are being followed.