Audit Function – NBC Institute

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.

Answer

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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

AA – Dec 2022 – L2 – Q4b – Professional and Ethical Considerations

Discusses the advantages and disadvantages of outsourcing the internal audit function in an organization.

Question

Your management has decided to outsource the internal audit function in your organization. You have been assigned to make a presentation to management.

Required:
Discuss THREE (3) advantages and TWO (2) disadvantages of outsourcing the Internal Audit function in your presentation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Function, Decision Making, Internal Audit, Management, Outsourcing
Level: Level 2

Topic: Professional and Ethical Considerations
Series: DEC 2022

AA – Nov 2024 – L2 – Q2b – Advantages of Outsourcing Internal Audit

Explain the advantages and disadvantages of outsourcing the internal audit function.

Question

Required:
i) State TWO advantages of outsourcing the internal audit function.
ii) State THREE disadvantages of outsourcing the internal audit function.

Answer

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

AA – Dec 2022 – L2 – Q4b – Professional and Ethical Considerations

Discusses the advantages and disadvantages of outsourcing the internal audit function in an organization.

Question

Your management has decided to outsource the internal audit function in your organization. You have been assigned to make a presentation to management.

Required:
Discuss THREE (3) advantages and TWO (2) disadvantages of outsourcing the Internal Audit function in your presentation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Function, Decision Making, Internal Audit, Management, Outsourcing
Level: Level 2

Topic: Professional and Ethical Considerations
Series: DEC 2022

Question Tag: Audit Function

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AA – Nov 2024 – L2 – Q2b – Advantages of Outsourcing Internal Audit

Explain the advantages and disadvantages of outsourcing the internal audit function.

AA – Dec 2022 – L2 – Q4b – Professional and Ethical Considerations

Discusses the advantages and disadvantages of outsourcing the internal audit function in an organization.

AA – Nov 2024 – L2 – Q2b – Advantages of Outsourcing Internal Audit

Explain the advantages and disadvantages of outsourcing the internal audit function.

AA – Dec 2022 – L2 – Q4b – Professional and Ethical Considerations

Discusses the advantages and disadvantages of outsourcing the internal audit function in an organization.

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AA – Nov 2024 – L2 – Q2b – Advantages of Outsourcing Internal Audit

Explain the advantages and disadvantages of outsourcing the internal audit function.

You're reporting an error for "AA – Nov 2024 – L2 – Q2b – Advantages of Outsourcing Internal Audit"

AA – Dec 2022 – L2 – Q4b – Professional and Ethical Considerations

Discusses the advantages and disadvantages of outsourcing the internal audit function in an organization.

You're reporting an error for "AA – Dec 2022 – L2 – Q4b – Professional and Ethical Considerations"

AA – Nov 2024 – L2 – Q2b – Advantages of Outsourcing Internal Audit

Explain the advantages and disadvantages of outsourcing the internal audit function.

You're reporting an error for "AA – Nov 2024 – L2 – Q2b – Advantages of Outsourcing Internal Audit"

AA – Dec 2022 – L2 – Q4b – Professional and Ethical Considerations

Discusses the advantages and disadvantages of outsourcing the internal audit function in an organization.

You're reporting an error for "AA – Dec 2022 – L2 – Q4b – Professional and Ethical Considerations"

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