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Question 51 - IIA-CIA-Part2 discussion

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According to IIA guidance, which of the following statements best justifies a chief audit executive's request for external consultants to complement internal audit activity (IAA) resources?

A.
The organization's audit universe is extensive and diverse.
Answers
A.
The organization's audit universe is extensive and diverse.
B.
There has been an increase in unanticipated requests for advisory work.
Answers
B.
There has been an increase in unanticipated requests for advisory work.
C.
Previous work provided by the external service provider has been of great quality and value.
Answers
C.
Previous work provided by the external service provider has been of great quality and value.
D.
A recent benchmarking study found that using external service providers is a common practice of similarly-sized IAAs in other organizations.
Answers
D.
A recent benchmarking study found that using external service providers is a common practice of similarly-sized IAAs in other organizations.
Suggested answer: A

Explanation:

According to IIA guidance, a chief audit executive (CAE) may request external consultants to complement internal audit activity (IAA) resources when the audit universe is extensive and diverse. This justifies the need for additional expertise and resources that the internal team may not possess, ensuring comprehensive coverage and effective audit processes. External consultants can bring specialized skills and knowledge, enhancing the internal audit activity's ability to address a broad range of risks and issues within the organization.

Reference: IIA Standard 1210 -- Proficiency, IIA Practice Advisory 1210.A1-1

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asked 18/09/2024
Kees den Dekker
43 questions
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