Which of the following statements about internal audit consulting engagements is true?
A.
The primary purpose of a consulting engagement is to assess evidence and provide conclusions.
B.
The internal audit activity determines the nature and scope of work for the specific consulting engagement
C.
Internal auditors may provide consulting services relating to operations for which they had previous responsibilities.
D.
It is not appropriate to communicate control issues identified during consulting engagements to the board
The Answer Is:
C
This question includes an explanation.
Explanation:
Internal auditors may provide consulting services relating to operations for which they had previous responsibilities, provided they do not currently have any operational responsibilities that would impair their objectivity. This scenario is possible under IIA guidelines as long as any potential conflicts of interest are managed, and auditors maintain their independence regarding the areas they are auditing.
IIA's International Standards for the Professional Practice of Internal Auditing, specifically standards on objectivity and independence in consulting roles.
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