IIA
IIA-CIA-PART1 · Question #42
IIA-CIA-PART1 Question #42: Real Exam Question with Answer & Explanation
The correct answer is C. An assurance engagement has two participants, while consulting engagements generally involve. See the full explanation below for the reasoning.
Question
Which of the following statements is true regarding a key difference between assurance and consulting services provided by the internal audit activity?
Options
- AWhen conducting a consulting engagement, the nature and scope of the engagement are
- BThree parties are participants in assurance services, while consulting engagements generally
- CAn assurance engagement has two participants, while consulting engagements generally involve
- DWhen conducting an assurance engagement, the engagement objectives, scope, and techniques
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