Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 93

Which of the following engagements would be considered an appropriate consulting service?

Answer options

• A. The internal audit activity of a commercial bank routinely performs branch audits for compliance with regulations.
• B. The internal audit activity participates in a cosourcing arrangement with an IT audit firm to test information systems security.
• C. The internal audit activity facilitates biannual training of the risk management team in risk identification methodologies.
• D. The internal audit activity partners with external auditors annually to complete fieldwork required as a part of the external audit exercise.

Correct answer: C

Explanation

Option C is correct because facilitating training is a consulting service aimed at enhancing skills and knowledge. The other options involve compliance activities or collaborations that do not focus on providing advisory services.