Explain how internal auditors’ sensitivity to ethical dilemmas might be influenced by corporate governance mechanisms.

Explain your current perception of the value of audit assurance. What impact did the auditing scandal have on the auditing profession? Were there policy changes? What type of improvements were implemented for auditing oversight? How do these improvements protect companies and investors?

Describe the role of professional judgment in ethical leadership as it pertains to accountants and auditors.

Which of the following is NOT a requirement in management’s report on the effectiveness of internal controls over financial reporting?a. A statement of management’s responsibility for establishing and maintaining adequate internal control user satisfaction. b. A statement that the organization’s internal auditors have issued an attestation report on management’s assessment of the company’s internal controls. c. A statement identifying the framework management uses to conduct its assessment of internal controls. d. An explicit written conclusion as to the effectiveness of internal control over financial reporting.