A new internal audit activity is considering the adoption of a risk and control framework. Which of the following is the most appropriate consideration during this process?
A.
The framework should not be developed by the internal audit activity
B.
The framework should apply to individual projects rather than the organization as a whole
C.
The framework should always be tailored to the organization
D.
The framework should require fewer resources to implement
The most appropriate consideration when adopting a risk and control framework for a new internal audit activity is that the framework should always be tailored to the organization. This ensures that the framework is relevant to the specific operational, cultural, and strategic contexts of the organization, which enhances its effectiveness in managing risk and improves the alignment of control processes with organizational objectives. References: Best practices in risk management and internal control frameworks, such as those provided by COSO and ISO, which emphasize the importance of customizing frameworks to fit the unique needs and characteristics of the organization.
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