Regarding assurance and consulting services provided by the internal audit activity which of the following...

The correct statement regarding assurance and consulting services provided by the internal audit activity is that both assurance services and consulting services can be focused on controls or performance or both. This reflects the flexibility and adaptability of internal audit functions to address varying organizational needs, whether in assessing the adequacy and effectiveness of controls, improving operational performance, or both.

The IIA's International Standards for the Professional Practice of Internal Auditing on the nature of assurance and consulting services.