Which of the following is not a primary reason for outsourcing a portion of the internal audit activity?

The correct answer is D. To provide the organization with appropriate contingency planning for the internal audit function. The primary reasons for outsourcing internal audit activities typically include accessing a wider range of skills and competencies, complementing existing expertise for specific engagements, and strengthening core audit functions. Contingency planning, while beneficial, is not…

Managing the Internal Audit Activity

Question

Options

ATo gain access to a wider variety of skills, competencies and best practices.
BTo complement existing expertise with a required skill and competency for a particular audit
CTo focus on and strengthen core audit competencies.
DTo provide the organization with appropriate contingency planning for the internal audit function.

How the community answered

(62 responses)

A
5% (3)
B
2% (1)
C
8% (5)
D
85% (53)

Explanation

The primary reasons for outsourcing internal audit activities typically include accessing a wider range of skills and competencies, complementing existing expertise for specific engagements, and strengthening core audit functions. Contingency planning, while beneficial, is not a primary reason for outsourcing internal audit activities as it pertains more to risk management strategies rather than the core objectives of outsourcing.

Topics

#outsourcing internal audit#co-sourcing#audit competency#contingency planning

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