In the context of assurance activities, what does the term "assurance objectivity" refer to?

In the context of assurance activities, what does the term "assurance objectivity" refer to?
A . To the degree to which an Assurance Provider can adhere to industry standards and best practices in performing audits.
B . To the degree to which an Assurance Provider can provide accurate and reliable information to stakeholders on which they can form an opinion about the subject matter themselves.
C . The degree to which an Assurance Provider can be impartial, disinterested, independent, and free to conduct necessary activities to form an opinion about the subject matter.
D . To the degree to which an Assurance Provider can minimize costs and maximize efficiency in performing audits.

View Answer

Answer: C

Explanation:

Assurance Objectivity refers to the assurance provider’s ability to maintain independence and impartiality in evaluating subject matter.

Impartiality:

Assurance providers must remain unbiased and free from conflicts of interest to ensure their conclusions are trustworthy.

Independence:

Assurance activities should be conducted independently of the area or individuals being evaluated.

Conduct of Activities:

The assurance provider must have the freedom to perform all necessary procedures to evaluate the subject matter comprehensively.

Reference: IIA Standards (Independence and Objectivity): Highlights the importance of maintaining objectivity in internal audit and assurance activities.

ISO 19011: Reinforces objectivity as a core principle in auditing practices.