Which of the following statements is true regarding a key difference between assurance and consulting...

When conducting a consulting engagement, the nature and scope of the engagement are determined by the internal audit activity.

Three parties are participants in assurance services, while consulting engagements generally involve two parties.

An assurance engagement has two participants, while consulting engagements generally involve three parties.

When conducting an assurance engagement, the engagement objectives, scope, and techniques are agreed with the area under review.