Which statement regarding acceptance of the money is correct?

The director of purchasing, a certified internal auditor (CIA), signs a contract to procure a large order from a supplier whose products provide the best price, quality, and performance. A few days after signing the contract, the supplier presents the CIA with $1, 000 as a gift.

Which statement regarding acceptance of the money is correct?
A . Accepting the money would be prohibited only if it were non-customary.
B . Accepting the money would violate the IIA Code of Ethics.
C . Because the CIA is not acting as an internal auditor, accepting the money would be governed only by the organization’s code of conduct.
D . Because the contract was signed before the money was offered, accepting the money would not violate the IIA Code of Ethics.

Answer: B

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments