Which of the following statements is true regarding the independent peer review process undertaken to...

Two individuals in the same internal audit activity may perform an independent peer review as long as they do not report to the same audit manager

Individuals from a separate but related organization such as an affiliate may perform peer reviews

Individuals working in separate internal audit activities may be considered independent as long as do not report to the same chief audit executive

Peer reviews are generally less cost-effective than hiring an external quality assessor