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 have a collective set of knowledge and skills to handle all the responsibilities of internal audit activities. This would ensure that the team is diverse, with each team member having their own strengths and skillsets to contribute to the team. Hiring only individuals with accounting degrees would limit the diversity and scope of the team's knowledge and skills. Hiring inexperienced personnel would not be time-efficient, as they would require extensive training. Lastly, hiring internal auditors who possess all the skills required to handle all engagements may limit the team's diversity and may not be feasible.

Your Organization Has Selected You to Develop an Internal Audit