According to IIA guidance, which of the following reflects a valid principle for the internal audit activity to rely on the work of internal or external assurance providers?

The correct answer is A. Elements of evaluation. According to IIA guidance, elements of evaluation reflect a valid principle for the internal audit activity to rely on the work of internal or external assurance providers. This principle involves assessing the competence, objectivity, and performance of the assurance providers…

Managing the Internal Audit Activity

Question

Options

AElements of evaluation
BElements of organization
CElements of practice
DElements of confidentiality

How the community answered

(30 responses)

A
93% (28)
B
3% (1)
C
3% (1)

Explanation

According to IIA guidance, elements of evaluation reflect a valid principle for the internal audit activity to rely on the work of internal or external assurance providers. This principle involves assessing the competence, objectivity, and performance of the assurance providers to ensure their work can be relied upon. Proper evaluation helps internal auditors determine the extent to which they can use the work of others in forming their conclusions.

Topics

#reliance on assurance providers#elements of evaluation#IIA standards#quality assurance

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