IIA-MCP Server

--- title: "Standard 1120 - Individual Objectivity" url: "https://www.theiia.org/en/standards/2024-standards/global-internal-audit-standards/" category: "standards" standard_number: "1120" last_updated: "2024-07-15T12:00:00Z" scraped_at: "2024-07-15T12:00:00Z" --- # Standard 1120 - Individual Objectivity ## Description Internal auditors must have an impartial, unbiased attitude and avoid any conflict of interest. ## Implementation Notes Objectivity is an unbiased mental attitude that allows internal auditors to perform engagements in such a manner that they believe in their work product and that no quality compromises are made. Objectivity requires that internal auditors not subordinate their judgment on audit matters to others. Threats to objectivity must be managed at the individual auditor, engagement, functional, and organizational levels. All internal auditors should make an annual declaration of their conformance with the Code of Ethics. Factors that may impact individual objectivity include: - Financial interests, including those of immediate family - Proscribed relationships with auditees, including those of immediate family - Previous work assignments or future employment prospects - Conflicting loyalties or biases - Undue influence from others ## Related Standards - Standard 1100 - Independence and Objectivity - Standard 1110 - Organizational Independence - Standard 1130 - Impairment to Independence or Objectivity ## Official Reference For the complete text and detailed implementation guidance, refer to the [IIA Global Internal Audit Standards](https://www.theiia.org/en/standards/2024-standards/global-internal-audit-standards/).