While performing an operations audit in a supplier's wholesale outlets, an internal auditor comments favorably on a calendar provided free to favored customers illustrated with the organization's products. The department manager offers the auditor several calendars to keep and distribute in the auditor's office. Which of the following responses best reflects the Standard's views of objectivity? Select one: a. The auditor must refuse the gift and report the offer to the audit committee. b. The auditor may accept the gift with no required disclosure. c. The auditor should refuse the gift and warn the client against any future attempts to curry favor with the internal audit activity. d. The auditor may accept the gift but must immediately
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The key consideration here is the auditor's objectivity, which is a fundamental principle in auditing. Option a: The auditor must refuse the gift and report the offer to the audit committee. This option reflects the highest level of objectivity. By refusing the Show more…
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