The two most important qualities for an internal auditor to possess are independence and competence.

Question

Quizplus · Accepted Answer

Independence and competence are considered to be the two most important qualities for an internal auditor because they ensure that the auditor can carry out their work objectively, fairly, and effectively. Independence means that the auditor is free from any bias, conflicts of interest, or undue influence that may compromise their objectivity. Competence means that the auditor has the necessary knowledge, skills, and experience to perform their work to a high standard. Together, independence and competence enable the internal auditor to provide reliable and valuable assurance to management and the board of directors.

The Two Most Important Qualities for an Internal Auditor to Possess