A newly hired internal auditor is most likely to need further education in the area of business acumen in which of the following situations?
A.
She was transferred from the managerial accounting department of the same organization.
B.
She was recruited from the internal audit activity of another organization that operates in a different industry.
C.
She was offered a permanent position after she had worked with the organization for two years in a temporary auditor-in-training position.
D.
She previously served on the organization's external audit team and was recruited to the internal audit activity following the current year's financial audit.
A newly hired internal auditor from a different industry would most likely need further education in the area of business acumen. This need arises because business acumen includes understanding the specific business context, industry practices, competitive environment, and operational processes that are unique to the industry in which the organization operates. Transitioning between industries often requires adjustments and additional learning to understand these new dynamics effectively.
Institute of Internal Auditors (IIA) - Learning and Development Standards
Contribute your Thoughts:
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit