7. The IIA defines internal auditing as an objective assurance and consulting activity.

A. Compare and contrast assurance and consulting services (4 points).

B. Explain why some internal audit functions limit the amount of resources they devote to consulting services (4 points).

C. Identify the attributes an internal auditor must have to provide effective consulting services (4 points).

D. Identify two specific types of consulting services an internal audit function might provide and describe how each can add value to the organization (3 points).