Thenatureofassuranceandconsultingservicesshouldbedefinedinthecharter. Impairmentofindependenceorobjectivityshouldbedisclosed. Internalauditorsshouldnotassessoperationsforwhichtheywerepreviouslyresponsible. Theinternalauditactivityshouldbeindependent,andtheinternalauditorshouldbeobjective. Thechiefauditexecutiveshouldreportfunctionallytotheauditcommittee. 1 Copyright©2008GleimPublications,Inc.and/orGleimInternet,Inc. Allrightsreserved. Duplicationprohibited. www.gleim.com s s s s s s