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Question 8 - IIA-CIA-Part2 discussion

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Which of the following is not a primary reason for outsourcing a portion of the internal audit activity?

A.
To gain access to a wider variety of skills, competencies and best practices.
Answers
A.
To gain access to a wider variety of skills, competencies and best practices.
B.
To complement existing expertise with a required skill and competency for a particular audit engagement.
Answers
B.
To complement existing expertise with a required skill and competency for a particular audit engagement.
C.
To focus on and strengthen core audit competencies.
Answers
C.
To focus on and strengthen core audit competencies.
D.
To provide the organization with appropriate contingency planning for the internal audit function.
Answers
D.
To provide the organization with appropriate contingency planning for the internal audit function.
Suggested answer: D

Explanation:

The primary reasons for outsourcing internal audit activities typically include accessing a wider range of skills and competencies, complementing existing expertise for specific engagements, and strengthening core audit functions. Contingency planning, while beneficial, is not a primary reason for outsourcing internal audit activities as it pertains more to risk management strategies rather than the core objectives of outsourcing.

Reference: = IIA's Practice Advisory 1210.A1-1: Obtaining External Service Providers to Support or Complement the Internal Audit Activity.

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asked 18/09/2024
Rui Carrapico
33 questions
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