According to IIA guidance, which of the following is the most appropriate action the CAE should take regarding the request?

A chief audit executive (CAE) identifies that the internal audit activity lacks a necessary skill to perform a management request for a consulting engagement.

According to IIA guidance, which of the following is the most appropriate action the CAE should take regarding the request?
A . Assign the engagement to a more senior internal auditor.
B . Decline the engagement request.
C . Allow the internal auditors to acquire the needed skills while performing the engagement.
D . Supervise the assigned internal auditors throughout the engagement.

View Answer

Answer: B

Explanation:

When an internal audit activity lacks the necessary skills to perform a requested consulting engagement, the most appropriate action according to IIA guidance is for the Chief Audit Executive (CAE) to decline the engagement request. This decision ensures the integrity and quality of the audit service, adhering to the standard of only undertaking work where the internal audit staff possesses or has the ability to obtain the necessary knowledge and skills.

Reference: The Institute of Internal Auditors (IIA) – International Standards for the Professional Practice of Internal Auditing.