Question 4a
Marking Guide
| 1 mark for each well-explained point | |
| for outsourcing internal audit | |
| – staff recruitment | |
| – skills | |
| – set up time | |
| – costs | |
| – flexibility of staffing arrangements | |
| – independence of external firm | |
| – other valid points | |
| against outsourcing internal audit | |
| – staff turnover | |
| – external auditors | |
| – cost | |
| – confidentiality | |
| – control | |
| – independence (where services provided by same firm) | |
| – other valid points | |
| maximum marks | 8 |