- 5 Marks
AA – Nov 2024 – L2 – Q2b – Advantages of Outsourcing Internal Audit
Explain the advantages and disadvantages of outsourcing the internal audit function.
Question
As organisations look for ways to cut costs, the idea of outsourcing internal audit work goes on the agenda. While outsourcing may be appealing in theory, there are good reasons to keep internal audit in-house.
Required:
i) State TWO advantages of outsourcing the internal audit function.
ii) State THREE disadvantages of outsourcing the internal audit function.
Find Related Questions by Tags, levels, etc.
- Tags: Audit Function, Business Strategy, Cost Management, Internal Audit, Outsourcing, Risk Management
- Level: Level 2
- Topic: Internal Audit and Its Relationship with External Audit
- Series: Nov 2024
