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1.Why is an internal audit function well qualified to add value by providing insight through...

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Accounting

1.Why is an internal audit function well qualified to add value by providing insight through its consulting activities?

2.What are the differences between an assurance engagement and a consulting engagement?

3. What are three types of consulting engagements the internal audit function can perform? Give an example of each.

4.What specific skills are required of an internal auditor performing consulting engagements?

5.What steps are involved in: a. Planning an advisory consulting engagement? b. Performing an advisory consulting engagement? d. Communicating advisory consulting engagement outcomes?

6. Why is it important for internal auditors to become Trusted Advisors on risk management techniques?

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