Which of the following statements is true with regard to services provided by the internal audit activity?

Question

Fernando Pereira dos Santos · Accepted Answer

Both assurance and consulting engagements require a final engagement report

Fernando Pereira dos Santos · Answer

For consulting engagements, internal auditors do not need to be alert to control issues.

Fernando Pereira dos Santos · Answer

Assurance and consulting services have similar objectives.

Fernando Pereira dos Santos · Answer

Internal auditors may not perform assurance and consulting roles at the same time.

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