Can you please help me with this question? You are part of a three-person internal audit function that was asked by your company's CEO to conduct an audit of the internal controls over the company's commodities trading and hedging activitites. No member of the internal audit function has any training or experience in auditing trading and hedging activitites.

a) Refer to appendix B, "International Standards for the Professional Practice of Auditing". Which standards would you consult for guidance regarding the situation described above? Explain.

b) Refer to the list of Practice Advisories on The IIA's website (www.theiia.org). Which Practice Advisories would you consult for guidance? Explain.