CIA-1 - Foundations of Internal Auditing - Section A.6

Describe the types of advisory services performed by the internal audit function, and the internal auditor's role in each while preserving objectivity.

Describe advisory engagement types such as facilitating risk and control training, advising on system design and development, supporting due diligence, benchmarking, process mapping, and control self-assessment. Recognise that in advisory work the auditor advises rather than decides, so that providing input does not transfer management responsibility to internal audit or impair later assurance work.

Advisory servicesControl self-assessmentObjectivity

Practice question for this objective

Free sampleFoundations of Internal Auditingmedium

Nord Utilities is building a new customer billing system. The project sponsor asks the internal audit function to advise on the control requirements while the system is still in design. Which approach best preserves the internal auditor's objectivity during this advisory engagement?

  • AApprove the final control design on management's behalf so that the delivered controls meet the audit function's expectations.
  • BDecline the request and advise management to engage an external consultant to advise on the control design instead.
  • CRecommend suitable controls and let the project team decide which to build, documenting that management retains the decision. Correct
  • DDesign and implement the required controls directly, then exclude the billing system from all future audit coverage.
In an advisory engagement the internal auditor recommends controls while management retains the decision, so no management responsibility is assumed. Objectivity is preserved because the auditor supplies advice and analysis but management makes and owns the control decisions; only by not deciding can the auditor later provide independent assurance over the same system.

Why A is wrong: Approving the design looks efficient, but deciding on the controls transfers management responsibility to the auditor and impairs any later assurance over the system.

Why B is wrong: Handing the work to an outside consultant looks conservative, but advisory work on a system in design is permitted when the auditor advises rather than decides, so declining forgoes legitimate value the function could add.

Why C is correct: An advisory engagement lets the auditor recommend controls while management keeps the design decision, so no management responsibility is assumed and later assurance stays possible.

Why D is wrong: Building the controls may seem helpful, but it takes on a first-line role and dropping the system from coverage abandons the audit mandate rather than protecting objectivity.

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