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    NEW QUESTION: 1
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    A. Tests of internal control activities that could detect errors and fraud.
    B. Materiality of the accounts recently inspected by the internal auditors.
    C. Internal auditing standards developed by The Institute of Internal Auditors.
    D. Results of the tests of transactions recently performed by the internal auditors.
    Answer: C
    Explanation:
    Explanation/Reference:
    Explanation:
    Choice "A" is correct. Objectivity is reflected by the organizational level to which the internal auditor reports
    as well as by policies prohibiting audits of areas where the internal auditor lacks independence. In
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    Choice "B" is incorrect. Tests of internal control activities that could detect errors and fraud would not help
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    Choice "C" is incorrect. The materiality of the accounts recently inspected by the internal auditors would
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