Which of the following statements is false regarding the internal audit approach when a set of standards other than The IIA's Standards is applicable…

The Institute of Internal Auditors' (IIA) International Standards for the Professional Practice of Internal Auditing (the Standards) explicitly address situations where other standards or requirements apply. The Introduction to the Standards states that if inconsistencies exist between the Standards and other requirements (e.g., legal, regulatory), the internal audit activity must conform with the Standards and may conform with the other requirements if they are more restrictive. Therefore, the guiding principle is to adhere to the stricter, more rigorous guidance, not the less restrictive one. This ensures the highest level of professional diligence and compliance.

A. Citing other applicable standards in communications is appropriate and often necessary for transparency and to properly frame the engagement's criteria.

B. The Standards are designed to complement, not supersede, legal, regulatory, or government-issued requirements; they should be applied in conjunction.

C. This statement is true. The IIA mandates following the more restrictive standards in cases of conflict to uphold the highest professional requirements.

1. The Institute of Internal Auditors (IIA). (2017). International Standards for the Professional Practice of Internal Auditing. "Introduction to the Standards

" Paragraph 4. Retrieved from the IIA's official website. This section states: "if inconsistencies exist between the Standards and the other requirements

the internal audit activity must conform with the Standards and may conform with the other requirements if they are more restrictive."

2. Anderson

U. L.

Head

M. J.

Ramamoorti

S.

Riddle

C.

& Salamasick

M. (2017). Internal Auditing: Assurance & Advisory Services (4th ed.). The Institute of Internal Auditors Research Foundation. Chapter 2

"The International Professional Practices Framework: Authoritative Guidance for the Internal Audit Profession

" discusses the hierarchy and application of the IPPF

reinforcing that in cases of conflict with other regulations

the more restrictive guidance should be followed.