According to IIA guidance, which of the following is required of an internal audit activity?
A.
The internal audit activity should refrain from conducting an assurance engagement for which it lacks the necessary competencies or skills
B.
The chief audit executive must decline a consulting engagement or obtain competent advice and assistance if internal auditors lack the necessary competencies or skills
C.
The audit committee should ensure that the internal audit activity continuously improves its knowledge and skills in order to fulfill its responsibilities
D.
In today ' s business climate which is dominated by technology and big data, it is imperative that each staff internal auditor has detailed knowledge about IT risks and technology-based audit techniques
According to IIA guidance, the internal audit activity should refrain from conducting an assurance engagement for which it lacks the necessary competencies or skills. This requirement ensures that internal audits are carried out effectively and that audit conclusions are reliable. It upholds the integrity and professionalism of the internal audit function by ensuring that all engagements are performed with the requisite level of expertise.
The IIA ' s International Standards for the Professional Practice of Internal Auditing on proficiency and due professional care.
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