ACCA AA · Chapter 3 · Question 4 of 8
Which of the following is an advantage of outsourcing the internal audit function?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Access to specialist skills that may not be available in-house
Explanation
Outsourcing gives access to a wider pool of specialists, flexibility in resourcing and potentially greater objectivity. The other statements describe advantages of an in-house function: outsourced staff may know the business less well, confidentiality risks increase and management has less direct control.
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