Internal audit activity (IAA) arrangements can be outsourced, in-house or co-sourced.

For the following considerations/characteristics, select which type of internal audit activity is most appropriate.

1Large organisation with simple operations.

A.In-house IAA

B.All three IAA types

C.Co-source IAA

D.Outsource IAA

2.The business is in the mature phase of its business cycle there is no issues of its survival, and it can even expand the business.

A.In-house IAA

B.All three IAA types

C.Co-source IAA

D.Outsource IAA