Your organization has selected you to develop an internal audit activity.Your approach will most likely be to hire
A) Internal auditors each of whom possess the skills required to handle all engagements.
B) Inexperienced personnel and train them the way the organization wants them trained.
C) Degreed accountants because most internal audit work is accounting related.
D) Internal auditors who collectively have the knowledge and skills needed to perform the responsibilities of the internal audit activities.

Question

Quizplus · Accepted Answer

The best approach would be to hire internal auditors who collectively have the knowledge and skills needed to perform the responsibilities of the internal audit activities. Internal audit engagements can vary and require a diverse range of skills and knowledge in areas such as finance, IT, risk management, and compliance. Hiring a team with a diverse skill set will allow the internal audit activity to effectively and efficiently perform its responsibilities.

Your Organization Has Selected You to Develop an Internal Audit