In the context of assurance activities, what does the term "assurance objectivity" refer to?
Correct Answer: C
Assurance Objectivityrefers to the assurance provider'sability 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.
References:
* 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.