Which of the following statements is true regarding the internal audit activity's reliance on the work of other internal or external assurance providers?
A.
The internal audit activity should place greater reliance on the work of external assurance providers than that of internal assurance providers.
B.
The internal audit activity should always complete additional assurance work to supplement the work of external assurance providers.
C.
The internal audit activity should use an ad hoc process to determine how it will place reliance on the work of others.
D.
The internal audit activity may place reliance on the work of other assurance providers regardless of whether the other assurance providers are independent.
According to the Institute of Internal Auditors (IIA) guidance, the internal audit activity may place reliance on the work of other assurance providers, regardless of their independence. The key factors to consider are the purpose, independence, objectivity, competence, and due professional care of the assurance providers. The internal audit activity should establish a consistent process for evaluating and relying on the work of others.
all these statements are false, in an exam i will probably go with B as the most reasonable.
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