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The internal audit activity is asked to provide consulting services regarding the risks related to...

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The internal audit activity is asked to provide consulting services regarding the risks related to implementing a proposed new Inventory management system. Which of the following would be a key consideration of the internal audit activity in accepting this engagement?

A.

Ask the inventory manager to determine whether the work planned would be sufficient to meet the consulting engagement objectives.

B.

Ensure that the method used to communicate the results of the consulting engagement is consistent with the board's preferred method.

C.

Determine whether the benefits to be derived from the requested assessment would exceed the cost of providing the consulting service.

D.

Use email and telephone conversations to convey the results of the engagement, as these may prove to be the most efficient methods for communicating.

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  • Vendor: IIA
  • Product: IIA-CIA-Part1
  • Update on: Jul 25, 2025
  • Questions: 735
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TESTED 31 Jul 2025