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.
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.
D.
A recent benchmarking study found that using external service providers is a common practice of similarly-sized IAAs in other organizations.
According to IIA guidance, especially from the Standards and the Practice Guide on Reliance on and Use of External Service Providers, a chief audit executive (CAE) can justify the use of external consultants (e.g., subject matter experts, co-sourced specialists) when the internal audit activity (IAA) needs to address:
Complexity,
Specialized expertise, or
Capacity constraints — particularly in large or diverse audit universes.
Explanation for A is that CAE should be ensure that IA resources are accurate and efficient to cover audit universe no matter how it is extensive and diverse. This can be a concern to discuss with SM and the Board to request for additional resources. I think but I might be wrong
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