If the skills and competencies are not present within the internal audit activity to complete an ad-hoc assurance engagement, which of the following is an acceptable resolution?

If the skills and competencies are not present within the internal audit activity to complete an ad-hoc assurance engagement, which of the following is an acceptable resolution?
A . Politely decline the engagement due to a lack of qualified staff available at the time.
B . Complete the engagement as requested, with the best of the current staffs abilities.
C . Consider using employees from other departments in the organization on the audit team.
D . Change the scope of the testing to ensure that only available staff proficiencies are used

View Answer

Answer: A

Explanation:

If the internal audit activity lacks the necessary skills and competencies to complete an ad-hoc assurance engagement, the most appropriate and professional action is to politely decline the engagement due to a lack of qualified staff. This decision upholds the IIA’s standards on professional proficiency and due professional care.

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