Internal auditors are often asked to provide consulting engagements to the engagement clients. The IIA Standards does allow internal auditors to conduct consulting engagements, but the audit committee chairman, Mr. Sipho Masoek is concerned about the internal auditor objectivity, independence and due professional care. (Advanced Internal Audit Topics, adapted)

REQUIRED MARKS Explain the following to him:

3.1 the nature of the consulting engagements (6);

3.2 with reference to the IIA Standards, how the IIA Standards provides for internal auditors to conduct consulting engagements with specific reference to internal auditor objectivity, independence and due professional care (6).