Question

In which of the following scenarios do consulting services provided by the internal audit function prove to be most beneficial?

a. An organization that is completely stable and has very little change.

b. An organization that has frequent, significant change

c. An organization that wants to reduce the level of change in the organization.

d. An organization that has a lot of standards and procedures already in place and does not want to change them.

Answer 1

b. An organization that has frequent, significant change,

The significant change in the organization is about the process of changing an organization'sstrategies, processes, procedures, technologies, and culture, as well as the effect of such changes on the organization.

Change creates uncertainty and risk. Internal audit can help the organisation to achieve its objectives during the change process by providing independent and objective assurance that risks are identified, assessed and managed.